In August 2004, Wells Fargo Foothill, a division of Wells Fargo & Company (NYSE: WFC), acquired the loan portfolio of Westburg Media Capital of Spokane, Washington. As part of the transaction, Wells Fargo hired most of Westburg’s employees. Terms of transaction were not disclosed.

Westburg is a finance company that lends to media and publishing companies. Wells Fargo Foothill is a leading provider of senior secured financing from $10 million to $1 billion and more to companies in a wide range of industries.

Colonnade Advisors LLC served as exclusive financial advisor to Westburg.