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Eldridge Industries LLC is a private equity investment firm headquartered in Greenwich, Connecticut, with offices in New York, London and Beverly Hills. The firm invests in businesses across several industries, including, media, sports, hospitality, insurance, real estate development and asset management.
Eldridge was formed in 2015 by CEO and Chairman Todd Boehly and President Anthony D. Minella, after Boehly purchased several media properties controlled by Guggenheim Partners.
Eldridge has invested in businesses including Security Benefit Life Insurance, London-based real estate firm Cain International, media entity Valence Media, CBAM, Stonebriar Commercial Finance, and NPC International, operator of Wendy's and Pizza Hut units in the U.S.
In March 2017, Eldridge led a round of funding estimated at over $100 million for DraftKings, a daily fantasy sports contest provider. The firm also provided financing to Prescient, a building technology platform, for $50 million in July 2018.
Eldridge seeded Essential Properties Realty Trust, a REIT that went public in June 2018 under the symbol NYSE: EPRT.
In 2015, Eldridge put some of its media properties up for sale, including Adweek and the Clio Awards. Adweek was sold a year later to Beringer Capital, a private equity firm that invests in digital media and marketing services. The Clio Awards, a 58-year-old ad industry event, was sold to investment company Evolution Media in 2017.
In December 2016, Billboard-Hollywood Reporter Media Group purchased the music publications Spin, Stereogum and Vibe from SpinMedia for an undisclosed amount.