The private equity market for content companies remains strong.
Summit Media, a newly formed company funded by Wind Point Partners and former Primedia founder Bill Reilly, announced it has acquired Highline Media and Pfingsten Publishing.
Pfingsten is a b2b publisher with magazines, conferences and web products focused in three markets - Art, Industrial Manufacturing and Retail Financial Services.
Highline was funded by Spire Capital in 2003 to acquire the assets of the National Underwriting Company (NUCO) and later added Insurance and banking data assets from Thomson Financial. Highline, led by Andy Goodenough, has had strong growth the past three years across its magazine, data and conference businesses.
Congratulations to Highline, Spire and Pfingsten, and best of luck to Bill Reilly and the new Summit Media.
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