Blue Ant plans further mergers and acquisitions after completing Boat Rocker deal

e held privately, to accelerate its channels, distribution, and production businesses.
The former chairman of Alliance Atlantis also mentioned the possibility of additional fundraising to ensure agility and quick decision-making in case M&A opportunities arise. This strategic move comes after the recent reverse takeover of Boat Rocker Media, which grants Blue Ant access to assets, working capital, and cash, as well as the opportunity to go public without the hassle of an IPO.

As part of the reverse takeover, Blue Ant will absorb the shell of Boat Rocker Media, enabling it to debut on the Toronto Stock Exchange expeditiously. Additionally, three production companies, namely Insight Productions, Proper Television, and Jam Filled Entertainment, will come under the Blue Ant umbrella. Furthermore, almost C$40 million in working capital and cash will strengthen Blue Ant’s financial position.

Fairfax Financial Holdings, a major shareholder in Boat Rocker and an existing partner of Blue Ant, has also arranged a C$20 million backstop to support potential equity fundraising. This move, according to MacMillan, aligns with Blue Ant’s long-term strategy of sustainable growth and expansion, without the burden of excessive debt. The RTO will position Blue Ant for substantial growth opportunities, empowering the company to explore M&A deals and bolster its presence in the media landscape.

MacMillan emphasized the importance of reliable access to permanent capital for media companies, highlighting that financial stability is crucial for flexibility in navigating the industry’s uncertainties. With a solid balance sheet in place, Blue Ant aims to fortify its unscripted content focus and seek opportunities to enhance its global channels business, such as Love Nature. The company plans to leverage its production-distribution capabilities by acquiring content libraries that can propel its channels to new heights.

The move to go public does not indicate a shift in Blue Ant’s core strategy but rather acts as an enabler for future growth. MacMillan underscored the company’s commitment to retaining its unscripted focus and expanding its global streaming business. Geographically, Blue Ant remains focused on North America, the UK, and Europe, despite potential challenges posed by US trade tariffs.

While uncertainties loom, particularly regarding trade tariffs, MacMillan remains optimistic about Blue Ant’s future prospects. He expressed confidence in the company’s ability to overcome challenges and build a resilient and sustainable business over time. The decision to go public was a strategic one, driven by the opportunity presented by Fairfax Financial and the potential for long-term growth and success in the evolving media landscape.