Sverica Capital Management Announces Continuation Fund for Stream Companies Holdings

AUSTIN, Texas--(BUSINESS WIRE)--Sverica Capital Management LP (“Sverica”), a private equity investment firm, today announced the successful closing of a continuation fund transaction for Stream Companies Holdings, LLC (“Stream”, or the “Company”), a leading provider of marketing software and services primarily serving U.S. automotive dealers and original equipment manufacturers. This transaction marks a milestone in Sverica’s partnership with Stream and underscores Sverica’s continued commitment towards supporting Stream through its next phase of growth.

In the Stream continuation fund transaction, Sverica’s fourth flagship fund (“Fund IV”) offered existing investors the option to roll over their equity and continue participating as an investor. The continuation fund investment was led by RCP Advisors and Churchill Asset Management, with additional participation from several other new investors along with reinvestment from Fund IV’s rolling LPs and GP. Sverica’s fifth flagship fund also made a new investment in Stream, and the Stream Co-Founders and the Stream and fullthrottle.ai management teams rolled over a substantial equity stake.

Since Sverica’s initial investment in April 2019, Stream has grown revenue and EBITDA materially. The Company has further solidified its leadership in the automotive sector by establishing new key partnerships and dramatically increasing the number of relationships held with original equipment manufacturers. Under Sverica’s ownership, Stream has also made inroads into new end-markets and significantly enhanced the fullthrottle.ai SaaS platform through strategic reinvestment and product led growth.

“Stream’s customer centric approach and commitment to providing the best service and outcomes for its clients has proved to be a winning combination over the company’s long history,” said Jordan Richards, Managing Partner at Sverica. “It has been a pleasure partnering with David Regn and the talented team at Stream and fullthrottle.ai. We look forward to supporting them as the company continues to grow. Lastly, we are excited to continue to reinvest into fullthrottle.ai, a groundbreaking first party data and audience solution that we believe is poised to take market share in the years to come.”

“We are thrilled to continue our collaboration with Sverica as Stream and fullthrottle.ai embark on the next phase of their journeys,” said David Regn, Co-Founder and CEO of Stream. “Our partnership with Sverica has been a cornerstone of our success. As Stream enters its next chapter, we believe we are well-positioned to unlock the full growth potential of fullthrottle.ai, capture additional market share in the automotive sector, expand our non-automotive client base, and pursue strategic M&A opportunities.”

Lazard acted as exclusive financial advisor to Sverica and Stream, while Choate Hall & Stewart LLP served as legal counsel to Sverica.

About Stream Companies Holdings

Headquartered in West Chester, PA, Stream is comprised of Stream Agency and fullthrottle.ai. Stream has become one of the leaders in data driven retail marketing and fullthrottle.ai has emerged as a prominent ad tech operating system with three distinct patents in first party data collection, media activation and measurement and safe data matching. fullthrottle powers agencies, brands and media companies entire ad tech ecosystem. The Company has been recognized by the Inc. 5000’s list of fastest growing private companies seventeen times, by Best Places to Work in PA five times, and by the Philadelphia100 list nine times. For more information, visit www.streamcompanies.com and www.fullthrottle.ai.

About Sverica Capital Management

Sverica Capital Management is a leading growth-oriented private equity firm that has committed capital of $2 billion across six funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since inception, Sverica has followed a "business builder" approach to investing and takes an active supporting role in its portfolio companies. Sverica devotes significant internal time and resources to help its management teams develop and execute growth strategies and proactively looks for levers to pull to accelerate growth by reinvesting back into those companies. Sverica firmly believes in building businesses collaboratively that can endure for the long term by starting with a strong foundation and bringing the right people and playbook to drive reinvestment and ultimately strong returns for our investors.

For more information, please visit www.sverica.com.