The $95 mil deal gives U.K. shingle a U.S. base
Blighty’s Tinopolis has acquired A. Smith & Co., the U.S. producer that makes unscripted fare for the Fox network, including “Kitchen Nightmares USA” and “Hell’s Kitchen.”
Deal is believed to be worth about £60 million ($95 million).
Wales-based Tinopolis, which produces BBC public affairs show “Question Time” via its Mentorn subsidiary, has been scouting the U.S. for some time for suitable acquisitions to give it a foothold across the Atlantic.
Tinopolis chairman Ron Jones said, “This deal makes us a producer in the USA with some scale. We have wanted to find a way in for some time and we have looked at a couple of options in the past, but it had to be the right company at the right time.”
A. Smith & Co. was set up in 2000 by former Fox exec Arthur Smith. It also produces the U.S. version of Tinopolis’ “Paradise Hotel” plus “American Ninja Warrior,” “Trading Spaces” and “The Swan.”
It is believed the acquisition will not effect A. Smith & Co.’s management.