Transom Capital-backed BridgeTower Media Acquires Virginia Business to Cover Nation’s “Best State for Business”
2024年8月1日 - 7:00PM
BridgeTower Media, the authoritative source for business insights,
data-driven marketing solutions and events across more than 40
media and research brands, is acquiring Virginia Business.
Virginia Business is the only publication dedicated to covering
economic activity in every sector and every region of the state of
Virginia. More than 47,000 executives rely on Virginia Business for
news and insights about business in Virginia, which was recently
rated by CNBC as the best state in the nation for business for a
record sixth time.
“It’s great to be able to add the core business audience in the
nation’s best state for business to our growing portfolio,” said
Hal Cohen, BridgeTower Media’s president and CEO. “We see an
opportunity to accelerate the growth of Virginia Business – and of
business in Virginia – by leveraging the power of BridgeTower
Media’s audience platform and best-in-class capabilities. We look
forward to delivering even more value to readers and advertisers in
the years ahead.”
On the heels of a significant digital transformation,
BridgeTower Media, a portfolio company of Transom Capital Group,
has been actively increasing its appeal to business executives and
marketers by strategically expanding its media footprint to
encompass more growth markets and industries across the U.S.
“Hal and the BridgeTower Media team demonstrate again and again
that they know exactly how to help media properties thrive in
today’s digital world,” said Bernie Niemeier, Virginia Business
president and publisher. “I made this decision thoughtfully, and I
know my team is in good hands. I look forward to seeing Virginia
Business grow even further as it continues to serve the nation’s
best state for business.”
About BridgeTower MediaBridgeTower Media is a
leading business intelligence, marketing and event platform
providing authoritative content and expert analysis through its 40+
B2B media and research brands. More than 4.4 million business
decision-makers rely on BridgeTower Media for timely information
and expert insights to grow their businesses. These deep and
trusted first-party customer relationships power tailored insights
for business executives and precision audience targeting for
omnichannel marketing solutions. BridgeTower Media also celebrates
professional and organizational success through 200+ events and its
Best Companies Group. BridgeTower Media is a Transom Capital
portfolio company. For more information, please visit
www.bridgetowermedia.com.
About Transom Capital GroupTransom is an
operations-focused private equity firm in the middle market with
approximately $900M in assets under management. The firm's
functional pattern recognition, access to capital, and ARMORSM
Value Creation Process combine with management's industry expertise
to create improved operational efficiency, significant top-line
growth, cultural transformation, and overall distinctive outcomes.
Transom is headquartered in Los Angeles, California. More
information at https://transomcap.com.
Media ContactSam Butler, for Transom Capital
sam@35thAvenuePartners.com206.788.6504