Apprise Media agrees to buy Canon Communications

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New York—Apprise Media announced Thursday that it has agreed to acquire Los Angeles-based Canon Communications from a private equity fund operated by media merchant bank Veronis Suhler Stevenson.

Industry observers said the deal was valued at about $200 million.

Canon specializes in the medical device and plastics markets. It produces 15 trade shows, publishes 15 magazines and operates eight online properties. Canon’s key properties include, Medical Device & Diagnostic Industry and the Medical Design and Manufacturing trade show.

Apprise, which is backed by Spectrum Equity Investors, said the Canon deal gives it an operating base in b-to-b media.

"We believe that the b-to-b media segment is in the early stages of a cyclical upturn and that well-positioned companies like Canon have strong growth potential," Charles G. McCurdy, Apprise chairman-CEO, said in a statement.

—Sean Callahan

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