Stagnito Acquires B-to-B Media Group
Transaction includes engineering titles CE News and Structural Engineer.
Stagnito Media has acquired Zweig White Information Servicesâ€™ media group, including CE News and Structural Engineer magazines.
Stagnito is backed by Chicago-based private equity firm Cardinal Growth, which counts Zweig White in its portfolio of investments. Financial terms of the transaction, if any, were not disclosed.
According to Stagnito president and CEO Harry Stagnito, the acquisition fits within the companyâ€™s goal of launching and acquiring media properties in the industrial engineering, architecture, construction and infrastructure industries, â€śboth in the private and public sectors.â€ť
Previously, Harry Stagnito served as chief executive of Stagnito Communications, which was sold by Ascend Media to BNP Media in 2007 as part of Ascendâ€™s estimated $30 million divestiture of its professional services division.