M&A Deal Summary

Penton Media Acquires Rural Press

On November 14, 2012, Penton Media acquired publishing company Rural Press from Fairfax Media

Acquisition Highlights
  • This is Penton Media’s 1st transaction in the Publishing sector.
  • This is Penton Media’s 4th transaction in the United States.
  • This is Penton Media’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2012-11-14
Target Rural Press
Sector Publishing
Buyer(s) Penton Media
Sellers(s) Fairfax Media
Deal Type Divestiture

Target

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.

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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 6 of 11
Sector: Publishing M&A 1 of 2
Type: Divestiture M&A Deals 2 of 6
State: Virginia M&A 2 of 2
Country: United States M&A 4 of 7
Year: 2012 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 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.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 McGraw Hill - Aviation Week

New York, New York, United States

Aviation Week is a magazine publisher focused on the aerospace sector. It serves over 1.2 million professionals in 185 countries and is the largest information and services provider to the global commercial, defense, maintenance/repair/overhaul (MRO), space and business aviation communities.

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 2 of 5
Sector: Publishing M&A 1 of 1
Type: Divestiture M&A Deals 2 of 5
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 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.

Sell $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Netus Pty

Sydney, Australia

Netus Pty Ltd. is an Australian technology investment company.

Buy -