M&A Deal Summary

BridgeTower Media Acquires SC Business Publications

On July 3, 2017, BridgeTower Media acquired publishing company SC Business Publications from Virginia Capital Partners

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

M&A Deal Summary
Date 2017-07-03
Target SC Business Publications
Sector Publishing
Buyer(s) BridgeTower Media
Sellers(s) Virginia Capital Partners
Deal Type Add-on Acquisition

Target

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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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 2 of 4
Sector (Publishing) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (South Carolina) 1 of 1
Country (United States) 2 of 4
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 COLORS Magazine

Boston, Massachusetts, United States

COLORS Magazine is a premiere publication focused on publishing and events for diverse business professionals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 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.

Buy -

Seller(S) 1

SELLER

Virginia Capital Partners

Richmond, Virginia, United States

Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Virginia Capital Partners (VCP) is a private investment firm that invests in profitable, rapidly growing private companies located in the South Atlantic region of the US. Target businesses are typically valued between $500,000 to $10 million Sectors of interest include business services, healthcare services, media/communications, insurance, and consumer services. Virginia Capital Partners is based in Richmond, Virginia.

DEAL STATS #
Overall 16 of 16
Sector (Publishing) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (South Carolina) 1 of 1
Country (United States) 16 of 16
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Med-IQ

Baltimore, Maryland, United States

Med-IQ is a provider of medical education and healthcare quality improvement. Med-IQ provides certified educational courses for clinicians; offers a suite of educational services to hospitals, academic medical centers, and medical societies; and delivers healthcare system–based quality improvement, education, and training.

Sell -
Mergr

Product

Company

Legal