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PBI Media, Chemical Week Associates merge

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New York--PBI Media and Chemical Week Associates, two companies owned by private equity funds managed by Veronis Suhler Stevenson, announced Thursday that they have agreed to merge, with PBI Media's management team leading the combined companies.

VSS also announced that PBI Media has acquired the chemical business services of SRI Consulting. The addition of SRI, which relies on subscription-based revenue, diversifies revenue streams of Chemical Week beyond advertising.

The deal moves Chemical Week, which has struggled in the extended b-to-b marketing recession, from VSS’ Fund II to VSS’ Fund III. Financial terms of the deal were not disclosed.

--Sean Callahan

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