BIA Digital Partners has acquired the assets of Douglas Publications LLC, a Richmond, Va.-based business information resources company. No financial terms were disclosed for the deal, which includes renaming the acquired company Briefings Media Group LLC.
BIA DP Holdings, LLC, a subsidiary of BIA Digital Partners LP, recently acquired the assets of Douglas Publications LLC and changed its name to Briefings Media Group, LLC.
BIA Digital Partners is a private investment firm that makes mezzanine investments in mid- to later- stage companies. Douglas Publications is a business information resources company headquartered in Richmond, VA that produces newsletters, training tools, magazines, directories and websites. BIA Digital Partners originally invested in the company in January 2005 in conjunction with the company’s acquisition of the Briefings Publishing Group from Wicks Business Information (WBI) of Fairfield, CT.
“This acquisition is an important next step in the growth of Douglas Publications. BIA Digital Partners is working to make this a smooth transition and is eager to continue working with the management of Douglas Publications,” said Chuck Wiebe, a Principal at BIA Digital Partners.
In connection with the acquisition, Wiebe announced the promotions of Frank Finn to Executive Vice President and Chief Operating Officer and Bill Murrill to Vice President, Finance and Administration.
“The publishing operations of the business are being developed for the long term,” commented Finn. “Management appreciates the financial investment and support of BIA Digital Partners for almost four years now. Our relationships with employees, subscribers, and key partners are operationally unaffected by this change in ownership. We look forward to re-directing our efforts to the future growth of our business and the development of new and improved resources for our customers.”
Additional information on BIA Digital Partners is available by contacting Chuck Wiebe at (703) 227-9600. Further information is also available at www.biadp.com.
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About Briefings Media Group, LLC
Briefings Media Group’s business information resources include magazines (American Painting Contractor, Facility Care); newsletters (including Communication Briefings and Trend Letter); The Salesman’s Guide database directories for the apparel, hospitality and healthcare industries; email newsletters; voice/data conference series in safety, human resources, healthcare facility management and marketing; training tools; and related Web sites. For more information, go to www.douglaspublications.com.
About BIA Digital Partners
BIA Digital Partners is a private investment firm, managing over $250 million. Financing is available for acquisitions, organic growth, recapitalizations and leveraged/management buyouts among other purposes. BIA Digital Partners maintains a focus on mid- to later-stage companies operating in the media and entertainment, telecommunications, information, business and consumer services industries. Investments generally range from $5 to $12 million and are in the form of subordinated debt with warrants or preferred equity. For more information, go to www.biadp.com.
BIA Digital Partners has two affiliates, BIA Capital Strategies, LLC and BIA Financial Network (BIAfn). BIA Capital Strategies provides merger and acquisition advice and arranges equity and debt funding. BIAfn, the nation’s leading communications appraisal and valuation firm for more than two decades, assists with valuations, research and analysis, strategic consulting, and financial and operational consulting. For more information, visit www.biacapital.com and www.bia.com.