BNP Media purchased three magazines from Dodge Data & Analytics Friday—Architectural Record, Engineering News-Record and SNAP.
Terms weren’t released.
The deal effectively terminates Dodge Data & Analytics’ relationship to traditional media, with the company’s remaining holdings focused squarely on business intelligence for the construction and engineering communities.
“This transaction signals Dodge’s focus on our core business: providing information, intelligence and data‐driven insights to empower our customers in the construction industry,” Mike Petrullo, CEO of Dodge Data & Analytics, says in a statement. “ENR and Architectural Record, both published for over 100 years, have a long, storied history of journalistic excellence and leadership in the marketplace, and we wish them continued success under BNP’s stewardship.”
Dodge—formerly, a division of McGraw Hill Financial—was sold to a Palo Alto-based private equity firm for $320 million in September.
The titles add to BNP’s already substantial architecture and engineering portfolio that includes 16 brands. The company also says it will add to its Troy, Mich. staff to support the acquisitions.
"The publications, events and continuing education business we have acquired have a magnificent reputation, unparalleled reach, and limitless opportunity. And, they complement perfectly BNP's strong presence in the construction, engineering and architectural industries," says BNP Media co-CEOs Harper, Mitchell and Taggart Henderson, in a release. "By integrating these businesses into BNP Media and executing the same centralized management techniques applied across all of our brands, we ultimately will help strengthen the design, construction and building industries by expanding the publications' offerings to professionals through additional intellectual capabilities such as continuing education and more."
Architectural Record, a monthly magazine, is the centerpiece of the deal, with an audited circulation of more than 93,000 and close to 300,000 unique monthly visitors to its website.
Engineering-News Record has around 62,000 readers of its weekly print publication, and also about 300,000 website visitors.
