CriticalPoint Partners (“CPP”) is pleased to announce that Studio Depot, Inc. (or the “Company”), a division of Mole-Richardson Company, a leading provider of expendables for the entertainment industry, has been sold in a transaction to FilmTools, Inc. (“FilmTools”). CriticalPoint represented Mole-Richardson and its shareholders as their exclusive financial advisor on the transaction.
Founded in 1989, Studio Depot operates via e-commerce, retail and wholesale channels selling expendables to industry professionals through its extensive line of tape, gels, supplies, accessories, hardware, electrical and grip products required for film & TV production. Mike Parker, President, and CEO of Mole-Richardson stated that this transaction will enable the Company to focus on the growth of its lighting sales and rental divisions which cater to the preeminent film studios in Hollywood. “I look forward to seeing the Studio Depot name continue to achieve its profit objectives with its new partner, FilmTools.”
Mr. Parker continued, “we had the utmost confidence in the CriticalPoint team to find the right transaction partner that would continue to serve our customers in a first-class manner.