Transaction

Transaction Details

Closed
June 25, 2020

Sector

Technology, Digital Media and Media, Digital Media

Deal Type

Mergers and Acquisitions

Previous Next

GCA Advises Great Hill Partners on Its Acquisition of Storyblocks

GCA is pleased to announce we acted as exclusive financial advisor to Great Hill Partners, a leading growth-oriented private equity firm, on its agreement to acquire Storyblocks, the first and largest subscription-based stock media company.

Headquartered in Arlington, VA, Storyblocks provides video, audio and images through its unique subscription model. As a testament to its culture of creativity and innovation, Storyblocks has been recognized on the Inc 5000 list seven consecutive years and was recently named as one of Washington DC's Top Workplaces by The Washington Post and among the Best Places to Work by the Washington Business Journal.

This partnership will allow Storyblocks to accelerate its mission of modernizing the creative process to better support affordable, efficient video creation and to extend its current capabilities and product offerings.

TJ Leonard, CEO of Storyblocks, commented: “We have seen dramatic changes to workflows for customers ranging from freelancers to small businesses to major production studios in recent years as they adapt to an ever-increasing demand for high-quality video content. We are excited to partner with the Great Hill team because we share the belief that creatives are hungry for a new model to meet these new needs.”

“Flexible, affordable, high-quality content has become a prerequisite for individuals and creative teams looking to leverage social media and video platforms. Storyblocks is uniquely positioned as a dynamic category leader to serve creatives as the industry continues to evolve,” said Michael Kumin, Managing Partner at Great Hill Partners.

Previous Next
All Transactions