Highline Media, corporate parent of Tech Decisions, has been acquired along with Pfingsten Publishing by Wind Point Partners, a private equity firm, and William F. Reilly. The two companies will operate under the corporate umbrella of a newly formed publisher, Summit Business Media, with Reilly serving as CEO.

"We are very pleased to acquire Highline and Pfingsten, which have been fast-growing business-to-business information companies," says Reilly. "Both companies have outstanding management teams with excellent track records and experience. The businesses have major brands and are leading information providers in their respective markets."

Reilly feels the combined enterprise has many opportunities for synergy in that Highline has a very strong position in electronic publishing while Pfingsten has significant experience in trade shows, conferences, and seminars. "The fact that both are information providers to the insurance industry, for example, is a major plus," he says. "The two companies also have similar operating strategies in that they are classic affinity marketing businesses. Print products remain an important element of our media mix but are currently only a little over 50 percent of the sales of these combined companies."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.