Jeff Warshaw’s Connoisseur Media now has but a couple of degrees of separation from the 1992 presidential election– it is now in a partnership with Petrus Holding Company, which in turn is part of The Perot Companies.
Connoisseur owns and operates 42 radio stations in 12 markets, including the “Golden Ring” media market surrounding New York City, including Long Island, Connecticut and New Jersey.
The group’s management will join Petrus in acquiring the company.
“We are very excited to partner with The Perot Companies to continue our focused and disciplined growth strategy,” said Jeffrey D. Warshaw, CEO of Connoisseur Media. “It is important for us to have a partner who shares our values and supports our long-term growth strategy.”
Petrus President Steve Blasnik had high praise for Connoisseur. He stated, “We believe in the enduring importance of radio, which continues to be the media with the greatest reach among adults. We jumped at the opportunity to invest with the most innovative management team in the business, a team that knows how to win. Connoisseur has done an excellent job establishing a strong geographic presence in a competitive industry, and we look forward to helping them expand that reach.”
Ross Perot, Jr. added, “The Perot Companies and Connoisseur share common values, an entrepreneurial culture and a long-term approach to operating and building world-class companies. Our investment will allow Connoisseur to continue investing in its people while ensuring it can remain prudently financed, locally focused and innovative.”
Connoisseur’s markets include Billings, Montana; Bloomington, Illinois; Erie, Allentown and Stroudsburg, Pennsylvania; Wichita, Kansas; Long Island, New York; Trenton, New Jersey; and Bridgeport, Hartford, New Haven and Stamford, Connecticut.