Hanley Wood Acquires Facilities Management Trade Event
Seller Group C Communications to launch print magazine, Web TV channel.
Hanley Wood has purchased senior facilities management executive trade event the TFM Show from Tinton Falls, New Jersey-based Group C Communications. Terms of the deal were not disclosed.
“This is a milestone for our company which will accelerate growth,” Group C Communications co-president Ted Coene tells FOLIO:. “The sale of the TFM Show allows the company to expand its portfolio of hosted buyer events, print, and online media and broadens our opportunity to generate new revenue sources and profit centers.”
Group C Communications is a b-to-b media company that produces events and publishes magazines including Business Facilities and Today’s Facilities Manager magazines. According to Coene, the sale allows Group C to focus on its launch of an online Web TV channel and its planned launch a real estate magazine this fall.
Housing and construction publisher Hanley Wood has a portfolio of b-to-b and consumer magazines including Architect, Luxury Home Design and its flagship Builder magazine.
Investment bank Berkery Noyes represented Group C Communications in the deal.
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