Wafra Partners and its affiliates acquired All Island Media Inc. Financial terms were not disclosed, but .Wafra can invest up to $30 million in equity per deal. All Island Media publishes and distributes Pennysaver News, Town Crier and other titles to more than 750,000 homes and businesses in Nassau and Suffolk counties, N.Y.
Wafra Partners and its affiliates (“Wafra”)* are pleased to announce the acquisition of All Island Media, Inc. (“AIM”) by management and an entity formed by the clients of Wafra.
All Island Media, Inc. is the leading shopper publication group serving the Long Island, New York local media market. AIM publishes and distributes Pennysaver News, Town Crier, and many other niche and special issue publications through 100% mailed circulation to over 750,000 homes and businesses in Nassau and Suffolk counties. AIM’s products and services include weekly and special issue publications filled with display and classified advertising, flyer and insert programs, oversized color post cards, direct mailed cards, coupon books and digital media and services.
Wafra Partners LLC* and its affiliates focus on investing in traditional middle-market companies and partnering with continuing management on a strategic growth plan. Wafra can invest up to $30 million of equity per transaction and has a particular interest in consumer products, consumer-driven services, outsourced business services, and niche manufacturing.
To learn more about our investment criteria, please contact us at
(212) 759-3700 or visit our web site at www.wafrapartners.com.
* Wafra Investment Advisory Group, Inc. serves as investment advisor to the investments referred to herein. Wafra Partners LLC seeks companies within the parameters and sectors set out above.