Rockville, Md.-based b2b media and information company Access Intelligence—parent company to Folio:—has acquired P3C Media, owner and operator of the Public-Private Partnership (P3) Conference and Expo, for an undisclosed sum, the two firms announced Monday.
Founded in 2012, the three-day P3 Conference and Expo attracts over 1,300 public- and private-sector professionals annually, and has since spawned a series of ancillary summits, including the P3 Airport Summit, the P3 Federal Conference, the P3 Higher Education Summit, and the P3 Water Summit.
“P3C Media has been at the forefront of the burgeoning private-public partnership space for many years and has firmly established itself as the market leader for bringing together top government, industry, and financial leaders across several verticals in the P3 marketplace,” said Don Pazour, CEO of Access Intelligence, in a statement.
P3C founder and president Eric Iravani will remain at the helm as the company joins Access Intelligence’s Energy & Engineering division led by SVP and group publisher Jennifer Schwartz, whose portfolio includes the brands Chemical Engineering, Defense Daily, OR Manager, and POWER magazine, as well as the Connected Plant Conference, the ELECTRIC POWER Conference & Exhibition, the Global Connected Aircraft Summit, the LDC Gas Forums, and the annual SATELLITE Show.
“This is an exciting time for public-private partnerships and our portfolio will benefit significantly from AI’s scale, resources, and event expertise,” said Iravani.
The acquisition comes four days after Schwartz’s group announced the creation of a fifth media brand, IIoT Connection, dedicated to the industrial internet-of-things space, and about four months after Access Intelligence acquired VMA Media, an events organizer serving the video marketing industry.
“We are delighted to add the P3C Media brand to our company’s portfolio, to welcome an extremely talented team into our family, and to fast-track our leadership position in the P3 marketplace,” added Pazour.
“Access Intelligence was the winning bidder after receiving several offers from other strategic buyers,” said Nick Curci, president of the Westport, Conn.-based M&A firm Corporate Solutions, which represented P3C in the sale. “The decision to select Access Intelligence as the buyer was based on their experience in similar industries and their ability to add substantial growth to these events going forward.”