Florida-based Boyne Capital, a private equity firm, has acquired AC Business Media, which includes 12 heavy construction industry publications, one trade show and one digital marketing platform. Financial details of the sale were not disclosed in the announcement.
The deal gives Boyne a portfolio of known brands in heavy construction, asphalt, concrete, paving, equipment rental, landscape, manufacturing, logistics and supply chain. It also provides the company with digital and data-driven marketing verticals. By acquiring AC Business Media, Boyne said AC Business Media “delivers relevant, cutting-edge content to its audiences through industry-leading digital properties, trade shows, videos, magazines, webinars and newsletters.”
Boyne was one of more than one dozen companies that bid on the company, Nick Curci, President of Corporate Solutions, the company that brokered the deal, told Trade Show Executive.
With its acquisition of AC Business Media and its B2B media business portfolio, Boyne tapped Barry Lovette as the new Chief Executive Officer of AC Business Media. He was brought on by Boyne for the purpose of taking over the reins of AC Business Media, a Boyne spokesperson told TSE. With more than 20 years’ experience in the industry, Lovette has “a deep understanding as to the needs of ACBM’s customers,” Boyne said. Lovette comes equipped with a clear vision to enhance AC Business Media’s platform and offerings, as well as its customers’ return on investment.
“AC Business Media is a market leader that is poised for future growth. By partnering with Boyne, AC Business Media will be able to continue investing in its products and capabilities and significantly enhance our ability to provide great value to our customers,” Lovette told TSE.
The acquisition of AC Business Media provides Boyne the following:
- Equipment Today
- OEM Off Highway
- Concrete Contractor
- Asphalt Contractor
- Pavement Maintenance & Reconstruction
- Sustainable Construction
- Supply & Demand Chain Executive
- Food Logistics
- Green Industry Pros
- Snow Pro
- DHI ConNextions
Curci said the deal is a significant one for Boyne. He said it will serve as a springboard for Boyne Capital to “go out and acquire other properties in this arena.”
“Boyne is very excited to be partnering with Barry Lovette and the team at AC Business Media. We have been actively looking for an opportunity to invest in the digital and data marketing space and to develop a presence in the trade show vertical, which we see as being a natural complement,” Derek McDowell, CEO and Managing Partner of Boyne told TSE.