Stagnito Buys Canadian Brands From Fulcrum Media
Deal includes 5 trade shows and 5 magazines.
Included in the deal are five trade shows and five publications. Terms were not released, but the new brands expand Stagnito's market into Canada. "Adding two major c-store media brands—plus Canada's largest c-store trade show—extends our leadership position even further and allows us to bring our audiences and customers greatly enhanced information and marketing opportunities throughout North America," says Stagnito Business Information president and CEO Harry Stagnito.
The five publications included in the deal are Pharmacy Business, Your Foodservice Manager, Your Convenience Manager, Independent Convenience News and Octane. Trade shows include Pharmacy U, Convenience U CARWACS Show (Toronto), Convenience U CARWACS (Calgary), Le Salon and the Canadian Coffee & Tea Show.
Event and media M&A brokerage Corporate Solutions represented Stagnito in the deal.
It's been a while since Stagnito's last acquisition. The company rebranded from Stagnito Media last year after a series of deals it made following its own acquisition by private equity firm Topspin Partners mid-2013.