Crestview strategic investment in The Gersh Agency
We advised Crestview Partners on the transaction
Davis Polk advised Crestview Partners on its strategic investment in The Gersh Agency, LLC and related financing arrangements. Financial terms of the transaction were not disclosed.
Founded in 2004, Crestview Partners is a private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments.
Founded in 1949 by Phil Gersh, The Gersh Agency has been a pillar of the representation business. Over the past decade, Gersh’s growth has accelerated reaching approximately 300 employees today, with 125 agents across nine full-service departments and offices in Beverly Hills and New York.
The Davis Polk corporate team included partner Michael Davis and associate Ryan Olson. Partner J.W. Perry and counsel Robert F. Smith provided finance advice. Partner Ethan R. Goldman and associate Yueyu Yang provided tax advice. Partner Adam Kaminsky and counsel Joseph S. Brown provided executive compensation advice. Partner Pritesh P. Shah and associate S. Dream Montgomery provided intellectual property advice. Members of the Davis Polk team are based in the New York and Washington DC offices.