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L-3 Sells Sports TV Tech Business to Slate Capital Group; Parker Davis Comments


acquisitionSlate Capital Group has purchased sports television technology maker Broadcast Sports Inc. from L-3 Communications (NYSE: LLL) for an undisclosed amount.

BSI will operate under the name Broadcast Sports International LLC after Slate Capital completes the acquisition and Peter Larsson will continue to lead the business, Slate Capital said Monday.

Parker Davis, managing member of Slate Capital, said BSI fits within the company’s strategy of investments in what he called “sustainable growth market” companies.

BSI provides microwave transmission and remote controlled miniature camera systems to broadcasters of sporting events.

Baltimore-based Slate Capital is a private equity firm that partners with lower-middle market firms.

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