Roku Inc. has acquired This Old House Ventures LLC, the multi-platform home enthusiast brand, from TZP Group LLC.
“TZP provided great support in helping us make such a storied brand even more powerful and attractive to consumers and partners,” said Dan Suratt, CEO, This Old House. “Thanks to TZP’s leadership and their Partner of Choice approach to managing investments, This Old House is primed to take the next step and to entertain and educate audiences for 40 more years. We couldn’t have delivered the outstanding results without TZP’s unwavering support, deep media experience and contacts, and focus on operational excellence.”
“TZP is proud to have been the steward of this wonderful brand over the last five years. It’s been a joy to work with Dan Suratt, Eric Thorkilsen and the rest of the outstanding This Old House management team to transform the business into a true, multi-media powerhouse that reaches consumers everywhere,” said Bill Hunscher, Partner at TZP. “We want to thank the team, the talent and the rest of the supporting cast for their excellent work and unwavering commitment in moving the brand forward.”
Bill Hunscher and Harrison Davis led the transaction for TZP. Lazard acted as sole financial advisor to This Old House on the sale, and Greenberg Traurig LLP provided legal counsel to This Old House.