Bobit Business Media, a portfolio company of Gemspring Capital, has acquired Warranty Chain Management Conference, an annual forum for warranty professionals and executives. No financial terms were disclosed.
TORRANCE, Calif.–(BUSINESS WIRE)–Bobit Business Media, a leading B2B media provider (“Bobit”) and a portfolio company of Gemspring Capital, is pleased to announce the acquisition of the Warranty Chain Management (“WCM”) Conference, a leader in the warranty and service contract-focused event industry.
Founded by Alison Griffiths in 2005, the WCM Conference provides innovative content and access to industry leaders. WCM has become the premier annual forum for warranty professionals and executives to meet and discuss warranty-related issues and develop warranty management as an established discipline.
Richard Rivera, Chief Executive Officer of Bobit, commented on the transaction:
“I am excited to partner with WCM, our attendees, and our sponsors and exhibitors. Alison has single-handedly built the premier event in this industry focused on providing unique and superior value to WCM’s audience and we are excited to carry that purpose and mission forward. We also look forward to expanding the WCM platform and hosting a terrific event in 2020 that will continue to bear WCM’s high brand standards and innovative content as is also the Bobit way.”
Alison Griffiths commented on the transaction: “I am excited to partner with Bobit. Their deep knowledge of the events and media landscape, combined with their focus on high-quality content and attendee experience, was important to me as a partner capable of delivering the high-quality conference WCM attendees have come to expect. I am confident that with their support, the WCM conference will continue the strong history of growth and providing tremendous value to our attendees and sponsors.”
About Bobit Business Media
Bobit Business Media is a leading B2B media provider for the vehicle fleet, auto dealer, automotive aftermarket, law enforcement, and professional salon & beauty industries. Bobit connects clients to millions of key decision-makers through its highly regarded media brands and products (white papers, lead generation, webinars, websites, e-newsletters, traditional media, etc.). The Company is headquartered in Torrance, CA. For more information, visit www.bobitbusinessmedia.com.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $355 million of equity capital under management, focuses on making control and structured equity investments in lower middle market companies headquartered in the United States and Canada. Gemspring partners with talented management teams and takes a hands-on approach to driving revenue growth and value creation. Target companies have up to $350 million in revenue and are in the business services, healthcare services, financial services, media, industrial services, software and tech-enabled services or specialty manufacturing sectors. For more information, visit www.gemspring.com.