New York—After being shopped around for nearly eight months, 101communications has agreed to be acquired by private equity firm Nautic Partners for $75 million, according to a Dow Jones LBO Wire report.
Dow Jones said the purchase price represents about 10 times the company’s earnings before interest, taxes, depreciation and amortization (EBITDA). The deal has received antitrust clearance from the Federal Trade Commission and could close within a few days.
Executives at 101communications and Nautic Partners could not be reached for comment by deadline.
101communications was created in 1998, with backing from private equity firm Frontenac. It publishes trade magazines, including Federal Computer Week and Campus Technology, as well as e-newsletters. It also runs conferences and seminars focusing on business technology, education technology and government technology.