Randall-Reilly Acquisition Finalized
Trucking and construction publisher added to Investcorp’s portfolio.
Global investment firm Investcorp today announced that it has finalized its acquisition of trucking and construction publisher the Randall-Reilly Publishing Company. Investment firm Berkery Noyes acted as financial advisor to Investcorp.
Terms of the deal were not disclosed, but one financial source estimated the price to be more than $150 million.
Tuscaloosa, Alabama-based Randall-Reilly publishes a number of titles serving the trucking, construction and woodworking industries, including Overdrive, Changing Lanes, Equipment World and Modern Woodworking. The trucking-related assets previously held by Investcorp include Greatwide, FleetPride and American Tire Distributors.
In a January interview with FOLIO:, Randall-Reilly CEO Mike Reilly indicated that he is expecting double-digit growth over the next five years. “I’d like to be somewhere close to a $50 million EBITDA company,” he said. The company generates about $72 million in revenue, according to Reilly.