Los Angeles, CA (PressExposure) October 17, 2012 -- Breakwater Investment Management, LLC ("Breakwater") is pleased to announce the recent closing of a significant follow-on investment in Los Angeles-based Happy Hour Creative, LLC ("Happy Hour"), to sponsor the acquisition and integration of Open Road Entertainment, LLC. Breakwater is a private investment firm that specializes in direct investments in leading small to lower middle market growth businesses.
"We are delighted to announce Happy Hour's acquisition of Open Road Entertainment, a leading provider of creative marketing services in the film, television, home entertainment, video game, and digital media industries," said Greg Golden, CFO at Happy Hour. "The follow-on growth capital investment from Breakwater was critical in allowing us to successfully execute on this strategic opportunity in a timely manner."
"We are very excited to be part of this expanded platform of production, and look forward to growing Open Road Entertainment further," said Jeff Smith, founder and CEO at Open Road Entertainment. "We are also very pleased about our partnership with Breakwater, given the firm's extensive resources and capabilities."
"We are thrilled that our capital has allowed Happy Hour to pursue targeted opportunistic acquisitions in its sector," said Saif Mansour, Managing Partner at Breakwater. "The addition of the talented professionals at Open Road Entertainment, under the leadership of founder Jeffrey Smith, will help our platform company further its mission of providing best-in-class creative marketing services to a growing, global client base in the entertainment industry."
About Breakwater Investment Management, LLC: Breakwater Investment Management ( http://www.breakwaterfund.com ) is a private investment firm that specializes in direct investments in small to lower middle market growth businesses with annual sales ranging between $5 million and $100 million. The firm serves as general partner of Breakwater Structured Growth Opportunities Fund, LP, a $100 million open-ended private investment partnership organized in August 2008 under Delaware law. The Fund's investment objective is to generate both current income and capital appreciation through secured debt investments accompanied with equity participation rights, primarily in growth-oriented companies across a variety of industries.
If you would like to know more about Breakwater, visit http://www.breakwaterfund.com or call (424) 777-4000.