Kew Acquires Essential Quail Media Group

Kew Media Group has agreed to purchase Essential Quail Media Group (EQ Media) for AUD$32.8 million ($25 million).

EQ Media specializes in non-scripted programming, with offices based in the U.S. and Australia. Its programming slate includes Texas Flip ‘n Move, produced for DIY channel; Restored, also for DIY; Mom and Me, currently in production for HGTV; and Holiday Cookie Builds, in production for Cooking Channel.

Peter Sussman, Kew’s founder and executive chairman, said, “I first got to know EQ Media CEO Chris Hilton more than 10 years ago and have always been very impressed with what the EQ Media team have been able to accomplish. This acquisition bolsters Kew’s presence in the U.S. and provides Kew with a diversified revenue platform in Australia.”

Steven Silver, Kew’s founder and CEO, said, “EQ Media is an exciting addition to the Kew group and the transaction purchase price is an attractive valuation for such a prominent content producer. We expect the acquisition to be immediately accretive to earnings and to free cash flow. In addition, we expect to generate meaningful synergies from the sale of additional EQ Media content through Kew’s global distribution platform.”