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 ]
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San Diego Comic-Con 2024: Amid Industry Changes, the Con Lights Up the Skies

Amid a slew of exciting comics announcements and launches, Marvel flexed its massive budget at this year's convention with a drone show and other spectacles, while attendees and exhibitors alike expressed concerns over the cost of doing business at the con. Continue reading at Publishers Weekly

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6 Major Post-Roe Books on Abortion and American History

With Vice President Kamala Harris the presumptive Democratic nominee, the first presidential election since the Supreme Court overturned Roe v. Wade may be the second in U.S. history with a woman atop a major party ballot. These six books, published post-Dobbs, provide insight into an issue... Continue reading at Publishers Weekly

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Dive Into Some New YA Mysteries: YA Book Talk + News, July 25, 2024

Whodunit? That's the question at the heart of these compelling and engaging 2024 YA mysteries. That, plus this week's YA book news. Continue reading at Book Riot

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RBmedia Agrees to Acquire Dreamscape Media

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Graywolf Acquires Two Nonfiction Books by Brandon Taylor

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Media Briefing: How the digital publishing industry has fared so far in 2024

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Publishing Industry Sales Were Hot in April

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A Majority of Canadians Now Get Their Books for Free

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Major Publishers Sue Google Over Ads for Pirated Ebooks

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Arm CEO: Apple ‘woke up the industry on the art of the possible’

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Pushkin Press Acquires Steerforth Press and Hanover Publisher Services

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BuzzFeed shares soar as Vivek Ramaswamy takes activist stake

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News Corp’s Rebekah Brooks joins Lachlan Murdoch in Sydney ahead of major Australian newspaper restructure

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Republic of Georgia: Publishing Industry Criticizes ‘Foreign Agents’ Bill

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AAP StatShot: US Book Industry Flat in First Quarter

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Publishing Industry Sales Were Flat in the First Quarter of 2023

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Arcadia Publishing Acquires Dry Climate Studios

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