RLJ Acquisition Inc. (OTCQB: RLJAU, RLJA, RLJAW) has completed its acquisition of Image Entertainment Inc. (OTCQB: DISK) and Acorn Media Group Inc.
RLJ hopes the deal will make the combined company, called RLJ Entertainment Inc., one of the largest distributors of digital and video content.
RLJ is the third company that Robert Johnson, founder of Black Entertainment Television, has taken public. BET went public in 1991, and RLJ Lodging trust, a real estate investment trust, went public in May 2011.
Johnson announced the deal in April.
For more coverage on Johnson, see “Private Equity Perspective: The RLJ Rule.”