M&A Deal Summary

BridgeTower Media Acquires Progressive Business Media

On November 16, 2018, BridgeTower Media acquired media company Progressive Business Media

Acquisition Highlights
  • This is BridgeTower Media’s 2nd transaction in the Media sector.
  • This is BridgeTower Media’s 3rd transaction in the United States.
  • This is BridgeTower Media’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2018-11-16
Target Progressive Business Media
Sector Media
Buyer(s) BridgeTower Media
Deal Type Add-on Acquisition

Target

Progressive Business Media

Greensboro, North Carolina, United States
Progressive Business Media (PBM) is the premier business media and communications company serving the home furnishings and gift industries. It is the parent company of brands including Furniture Today, Home Accents Today, Home Textiles Today, Casual Living, Designers Today, Exterior Design, Gifts, and Decorative Accessories, and HFN. PBM’s brands deliver original content and research through print and online channels, as well as live conferences and events. The company prides itself on being part of the various business communities it serves: bringing people together to discuss issues of the day and to deliver meaningful content to the right audience, through the right channel, at the right time.

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Buyer(S) 1

Buyer

BridgeTower Media

Minneapolis, Minnesota, United States
Category Company
Founded 2016
Sector Media
DESCRIPTION

BridgeTower Media is a provider of business information, events, and marketing services for the legal, financial, construction, and government sectors in more than 20 local and regional markets across the United States. BridgeTower Media was formed in 2016 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 3 of 4
Sector (Media) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (North Carolina) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 SC Business Publications

Mount Pleasant, South Carolina, United States

SC Business Publications LLC (SC Biz News) is a publisher of magazine serving senior level decision-makers across the entire state of South Carolina. In addition to the print publication, SCBIZ covers the state's business community with a daily email, SCBIZ Daily. As the flagship publication of SC Biz News, SCBIZ magazine takes a thoughtful, analytical look at complex issues, opportunities and challenges facing the state's business leaders and fulfills the SCBIZ mission of being South Carolina's media engine for economic growth.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Virginia Business

Richmond, Virginia, United States

Virginia Business is a statewide business publication company providing monthly insights to Virginia businesses and government leaders. Virginia Business is based in Richmond, Virginia.

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Mergr

Product

Company

Legal