Endeavor Business Media
RCP’s involvement with Endeavor Business Media (“Endeavor”) began with its team members’ relationship with CEO Chris Farrell, who after exiting his prior company was looking to start a new B2B media platform. Initially, RCP provided $9 million debt and equity to support the purchase of three small, complementary businesses, forming Endeavor. Over the next three years, Endeavor made three major acquisitions that grew EBITDA by 15x and greatly increased the company’s digital media and event presence. RCP oversaw the execution and provided board-level guidance on the M&A processes and other operational initiatives. In addition to increasing its investment in the company to $28 million, RCP has attracted capital from other investors, including LPs and senior lenders.
Today, Endeavor is a leading B2B provider of integrated advertising, targeted marketing solutions, customized data, research content and virtual and in-person events with over 500 employees across 33 states. RCP and Mr. Farrell continue to evaluate strategic and organic growth opportunities for the platform.