Texas Publisher Acquires Hanley Wood’s American Dream Homes (posted 11/03)
Hurst, Texas-based publisher, MMG has acquired high-end, shelter title, American Dream Homes magazine from Hanley Wood LLC. Media investment bank M.C. Alcamo & Co. advised MMG and DeSilva & Phillips advised Hanley Wood in the deal. The terms of the transaction were not disclosed.
Hanley Wood launched American Dream Homes in 2004 as the flagship consumer title in its special interest publication group. The title is published seven times a year and provides news and information to affluent Americans planning to build or remodel their “dream homes.” Also transferred in the deal were the proprietary rights to wholesale and retail distribution racks.
MMG publishes a suite of high-end shelter magazines, including Signature Kitchens & Baths, Signature Pools & Spas, Innovative Home, and Pool Life, as well as DS News, a glossy monthly for the mortgage-default and mortgage-servicing industry.