EnsembleIQ Acquires Lebhar-Friedman

Lebhar-Friedman, the 93 year-old, family-owned publisher serving the retail industry, has been acquired by Chicago-based EnsembleIQ, the latter announced this week. The deal, terms of which were not disclosed, includes a trio of trade magazines—the monthly Drug Store News, the bimonthly Convenience Store Age, and the 10x frequency Hardware + Building Supply Dealer—as well as the SPECS Show, a 55-year-old annual conference serving the brick-and-mortar retail space. It's the second significant acquisition for private equity-backed EnsembleIQ—which was formed in early 2016 out of the mergers of Edgell Communications, Stagnito Business Information, and the Path to Purchase Institute—and the first since former Lightspeed Research executive David Shanker was named CEO in February. Complementing the company's existing portfolio—Convenience Store News and Progressive Grocer, among 15 others—the acquisition leaves EnsembleIQ in a dominant position in the North American grocery, CPG, and in-store marketing spaces. In a statement, Shanker added that Lebhar-Friedman's "iconic brands" will provide EnsembleIQ's readers and clients "a comprehensive view of retail insights and information throughout the United States and Canada." Each of the three Lebhar-Friedman titles carries a controlled circulation of between 25,000 and 35,000 subscribers, while the three-day SPECS Show attracts about 1,000 attendees each year. [caption id="attachment_127495" align="alignright" width="150"] Randall... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2018-07-03 00:00:00 UTC ]
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