PE Firm Acquires Majority Stake in Industry Dive

Charlotte, N.C.-based private equity firm Falfurrias Capital Partners has acquired a majority stake in Industry Dive, the seven-year-old B2B media company whose online verticals span 19 different sectors including banking, construction, retail and supply chain. Contacted via email, Industry Dive co-founder and CEO Sean Griffey said neither side is sharing the financial terms of the transaction, but that the company plans to use the influx of funding to expand into additional markets, both through new launches and acquisitions, and to invest in its journalism. With revenues have more than quadrupled since 2015 to $22 million as of last year, the company hired eight additional editors and reporters a month ago when it launched its 19th vertical, CFO Dive, bringing the total newsroom headcount to 72. "We were attracted to Falfurrias because they shared our vision for the future," Griffey tells Folio:. "From the very first meeting, they highlighted their belief in the importance of high-quality, independent journalism to grow media companies. That resonated with the team here. We've had opportunities in the past but never felt that we had a partner who so closely aligned with our vision and values before." As a result of the deal, Falfurrias will gain two seats on Industry Dive's board of directors, but the company will continue to be led by Griffey and his two co-founders, CTO Eli Dickinson and CRO Ryan Willumson. Industry Dive isn't sharing which markets, specifically, it... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-09-05 16:26:03 UTC ]
News tagged with: #marketing services #total audience

Other news stories related to: "PE Firm Acquires Majority Stake in Industry Dive"

Omnibus acquires Arctic Monkeys biography

Omnibus Press has acquired a biography of British band the Arctic Monkeys, with publication... Continue reading at The Bookseller

[ The Bookseller | 2012-11-15 00:00:00 UTC ]
More news stories like this |

HoZ acquires life of 'Aragorn'

Head of Zeus has acquired a non-fiction title which explores the life of a 7th-century warrior,... Continue reading at The Bookseller

[ The Bookseller | 2012-11-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #non-fiction title

A True Princess of the Publishing Industry

Sheikha Bodour Al Qasimi founded the Emirates Publishers Association and pushed for it to become a full member of the IPA. Here, she explains it was so important. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2012-11-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #publishing industry

Industry Achiever: Dan Starnes

Dan Starnes might not have an extensive background in journalism, but the Alabama newspaper publisher just launched his fourth community newspaper, the Hoover Sun, last month. He also owns The Homewood Star, 280 Living, and Village Living, all of whi ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-11-09 00:00:00 UTC ]
More news stories like this |

Transworld acquires 'powerful first novel'

Transworld has acquired a "powerful first novel" by clinical psychologist S L Lewis,... Continue reading at The Bookseller

[ The Bookseller | 2012-11-08 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #clinical psychologist #transworld acquires

Bertelsmann acquires 100% ownership of RH Mondadori

Bertelsmann has today (5ytsigned an agreement to acquire Mondadori's equity stake in the... Continue reading at The Bookseller

[ The Bookseller | 2012-11-05 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #equity stake

Fourth Estate acquires Lena Dunham

Fourth Estate has acquired rights in the book of essays by writer/director/actress Lena Dunham... Continue reading at The Bookseller

[ The Bookseller | 2012-11-05 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #acquired rights #fourth estate

FastStats: Publishing Industry Statistics You Can Use

There's No Place Like Home The great promise of mobile is that it is… mobile, which is why we hear so much about the potential for reaching audiences anytime and anywhere with stuff like location-based advertising. According to... Continue reading at Publishing Executive

[ Publishing Executive | 2012-11-02 00:00:00 UTC ]
More news stories like this |

Picador acquires Haruf's Benediction

Picador has acquired the rights to Kent Haruf’s new novel Benediction. The novel completes... Continue reading at The Bookseller

[ The Bookseller | 2012-10-31 00:00:00 UTC ]
More news stories like this |

Abacus acquires rights to "unusual tale"

Little, Brown imprint Abacus has acquired a debut novel by Natalia Sanmartin Fenollera, The... Continue reading at The Bookseller

[ The Bookseller | 2012-10-26 00:00:00 UTC ]
More news stories like this |

Headline acquires new titles from Baker Brothers

Headline has acquired two more cookery titles from the Baker Brothers, Tom and Henry Herbert,... Continue reading at The Bookseller

[ The Bookseller | 2012-10-26 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #cookery titles #headline acquires

European Commission : 10 Facts About Media and Content Industries

10 facts about media and content industries 1. Digitization has increased book sales. Expenditure on electronic books almost doubled each year in 2006-2010 but still amounts to only 3% of global book sales. Forecasts however predict that reve ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-10-25 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #electronic books #european commission