Hanley-Wood Acquires Multifamily Executive Magazine
Posted on September 13, 2002
Hanley-Wood, a business-to-business media company in the residential and commercial construction industry, has acquired Multifamily Executive magazine and two companion conferences from MGI Publications, Inc. Multifamily Executive is a business magazine in the multi-family housing market, serving over 25,000 apartment owners, managers, developers and investors. Multifamily Executive will be part of the division's Builder group, managed by Warren Nesbitt, group publisher.
"This acquisition is key to Hanley-Wood's strategic plan to expand our product offerings in the housing and construction sectors," said Peter Goldstone, President of Hanley-Wood's Magazine Division. "Hanley-Wood has been investigating the multifamily market for several years and we are delighted to add this prestigious title to our portfolio."
Founded in 1976, Hanley-Wood, a $145 million company with this acquisition, is owned by VS&A Communications Partners III, the private equity affiliate of media industry merchant bank Veronis Suhler Stevenson. Hanley-Wood publishes magazines and produces trade shows in the residential and commercial construction industry. Hanley-Wood also has a major online presence through its sites including Builder Online, Remodeling Online and its new company, ebuild, a guide to building products.
