Magazine M&A Looks to Close Out Year on High Note
By Dylan Stableford
After what amounted to a blink of a respite from the harried pace of magazine M&A activity, three deals representing three very different sides of the industry were announced in the span of two days this week, as publishers and private equity firms looked to shore up transaction ledgers before the holiday season.
, which specializes in trucking, construction and industrial magazines, announced its sale to Wachovia Capital Partners and F. Mike Reilly's newly-formed Randall-Reilly Publishing, LLC. Terms of the sale and the new equity interests were not disclosed. The deal effectively ends the interests of the family and estate of H. Pettus Randall III in the 71-year-old publishing company. New York-based media bankers DeSilva & Phillips represented Randall in the deal.
, publishers of Mother Earth News and nine other magazines, announced the acquisition of Natural Home & Garden from Linda Ligon, former owner of Interweave Press. AdMedia Partners represented Ligon in the sale.
, a marketing and custom publishing firm, announced its buy of Media 3 Publications, an Atlanta-based custom publisher specializing in financial services clients.