M&A Deal Summary

Penton Media Acquires Farm Progress Companies

On November 13, 2012, Penton Media acquired business services company Farm Progress Companies from Fairfax Media for 80M USD

Acquisition Highlights
  • This is Penton Media’s 2nd transaction in the Business Services sector.
  • This is Penton Media’s largest (disclosed) transaction.
  • This is Penton Media’s 3rd transaction in the United States.
  • This is Penton Media’s 1st transaction in Illinois.

M&A Deal Summary
Date 2012-11-13
Target Farm Progress Companies
Sector Business Services
Buyer(s) Penton Media
Sellers(s) Fairfax Media
Deal Type Divestiture
Deal Value 80M USD

Target

Farm Progress Companies

Carol Stream, Illinois, United States
Farm Progress features four of the industry's leading farm trade events, including the nation's largest outdoor farm show, a robust broadcast division, and many well-established media brands.

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Buyer(S) 1

Buyer

Penton Media

New York, New York, United States
Category Company
Founded 1886
Sector Information Technology
DESCRIPTION

Penton Media, Inc. is an information services and marketing company. Penton’s products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs.

DEAL STATS #
Overall 5 of 11
Sector (Business Services) 2 of 2
Type (Divestiture) 1 of 6
State (Illinois) 1 of 1
Country (United States) 3 of 7
Year (2012) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-25 Highline

Chobham, United Kingdom

Highline LP is a business and commercial aviation company that currently provides global data and sales support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-14 Rural Press

Fairfax, Virginia, United States

Rural Press (USA) Ltd. is an an agricultural media company publishes newspaper and magazines for agriculture industry. Rural Press includes the Farm Progress and Miller Publishing Company businesses which sat outside of Fairfax’s main integrated asset focus in Australia and New Zealand. Farm Progress operates a portfolio of agricultural assets, including a number of leading agricultural tradeshows.

Buy -

Seller(S) 1

SELLER

Fairfax Media

Pyrmont, Australia
Category Company
Founded 1841
Sector Media
Revenue 1.7B AUD (2018)
DESCRIPTION

Fairfax Media is a diversified media company with operations that include newspapers, magazines, radios and digital media. Fairfax Media was formed in 1841 and is based in Pyrmont, Australia.

DEAL STATS #
Overall 1 of 5
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 5
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-13 Metro Media Publishing Pty

Melbourne, Australia

Metro Media Publishing Pty Ltd. is a weekly trading magazine publisher.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-14 Rural Press

Fairfax, Virginia, United States

Rural Press (USA) Ltd. is an an agricultural media company publishes newspaper and magazines for agriculture industry. Rural Press includes the Farm Progress and Miller Publishing Company businesses which sat outside of Fairfax’s main integrated asset focus in Australia and New Zealand. Farm Progress operates a portfolio of agricultural assets, including a number of leading agricultural tradeshows.

Sell -
Mergr

Product

Company

Legal