The five-month-old company that says its ready to take “B2B media to new heights” has marked its first major expansion.
Endeavor Business Media announced Monday a trio of acquisitions that more than double its portfolio of media brands and significantly expand its events business: NP Communications, the Florida-based publisher of Evaluation Engineering and three titles serving the medical industry; KSR Publishing, the related publisher of Healthcare Purchasing News; and Gallo Business Media, which produces about a dozen trade shows and hosted-buyer events around the country.
Founded by Chris Ferrell a month after stepping down as CEO of SouthComm Communications last November, Endeavor Business Media first made its presence known in January with the acquisition of Grand View Media’s Process Flow Network.
Monday’s announcement comes weeks after former SouthComm VP Scott Bieda joined the company, reuniting with former colleagues Ferrell and Endeavor COO Patrick Rains. At the time, Ferrell said Bieda was arriving as the Nashville-based company prepared for its next round of acquisitions.
“These publications have been in their respective markets for decades and have loyal readership due to the comprehensive coverage in their fields,” said Ferrell in a statement announcing the NP and KSR acquisitions. “Endeavor is committed to maintaining the high level of service and quality they currently deliver.”
In the announcement, Endeavor assured that it’s “committed to ensuring the smooth transition of these titles and will keep current publication staff in place,” adding that the acquired titles will remain based in Sarasota, Florida.
“The Endeavor organization and their professional teams offered some substantial support opportunities for the future growth of these respected journals,” said Kristine Russell, CEO of NP Communications and owner of KSR Publishing. “I have known Chris Ferrell for a number of years and I was honored that he invited my organizations to join his team at Endeavor.”
Gallo Business Media, which specializes in hosted-buyer events serving markets like transportation and public works, among others, was founded in 2012 by IQPC and Eaton Hall Exhibitions alum Michael Gallo, who said the entire Gallo team is “thrilled to be on the ground floor of what Chris is developing.”
“Michael Gallo and his team have done a great job building a buyer conference model that is extremely valuable for both the sponsors and attendees, “added Ferrell. “We look forward to replicating the Gallo model for the benefit of our current advertisers and readers.”
Nashville-based Resolute Capital Partners financed the NP and KSR deal, while Nick Curci’s Westport, CT-based M&A firm Corporate Solutions represented Gallo Business Media in its deal. Terms of the deals were not disclosed.
The Gallo deal offers Endeavor “a great opportunity to expand the business by entering into new markets and leveraging other existing media assets with this hosted buyer business model,” said Curci in a statement. “Michael Gallo has built a great team and valuable assets that Chris Ferrell and his newly formed organization will develop and grow even further.”