ATLANTA, July 13, 2009
Definition 6 Receives Private Equity Investment to Fuel National Growth Plans
Definition 6, the Southeast's largest independent full-service
interactive marketing and eCommerce agency, announced today that
Navigation Capital Partners, an Atlanta-based middle market private
equity group, has made a commitment to invest up to $15 million in
the firm.
This investment will be used to help Definition 6 expand its core
interactive services through organic growth and strategic
acquisitions of other interactive firms across the United
States.
"Definition 6 will use this new capital to further develop our
media and digital technologies to continue to deliver cutting-edge,
interactive and eCommerce solutions to our clients in a faster,
more cost-effective manner, while also expanding the service
offering to create true turn-key solutions" said Michael Kogon,
founder and chief executive officer of Definition 6.
Recognizing the potential for tremendous growth in new media
spending, Navigation Capital Partners selected to work with
Definition 6 on this expansion because of the agency's proven
experience and innovative interactive solutions.
"Having delivered award-winning interactive services for more than
a decade, Definition 6 is among a handful of independent,
full-service interactive marketing agencies to survive and thrive
through various economic roller coasters" said Larry Mock, managing
partner of Navigation Capital Partners. "When we decided to
proactively pursue a partner for investment in the interactive
media space, Definition 6 and Michael Kogon's experienced team
became a clear choice. Together we will work aggressively on our
platform for growth, and build a national interactive firm with
recognized marketing expertise."
With a solid track record of success, Definition 6 is known for
leveraging its strategic thinking, technical experience and
creative abilities to deliver social media strategies, search
engine marketing, online advertising, web development and email
marketing for its clients.
"Over the past decade we have seen the traditional advertising
model give way to a model based on interactive marketing that is
now only accelerating with the widening consumer and business
acceptance of social media" said Kogon. "Interactive marketing is
enabling challenger brands to successfully take on the Goliath
brands that once ensured market share dominance through their sheer
size of ad spending. The game has changed and today's announcement
is going to permit us to more aggressively grow ourselves so we can
help those organizations seeking to use new media to attain
business success."
Definition 6 will be the cornerstone of the national footprint
expansion, and Kogon will lead this effort. Over the next six
months, Kogon and his team will seek and evaluate potential
acquisitions and geographic areas for organic expansion for
Definition 6. It is expected that two to three deals will be closed
by the end of 2010.
About Navigation Capital Partners
Navigation Capital Partners (NCP) is an Atlanta-based private
equity firm that makes growth and buyout investments in middle
market niche manufacturing, distribution and services businesses
across the United States. The managers of NCP formerly founded and
managed Mellon Ventures, the private equity investment partnership
of Mellon Financial Corporation. With the backing of Goldman Sachs
Vintage Funds, NCP acquired the private equity portfolio of Mellon
Ventures in December 2006. NCP currently manages approximately $375
million of invested and committed capital. For more information,
visit http://www.navigationcapital.com/.