The media group’s assets include CE News, Structural Engineer and the Best Firm to Work for Summit. Financial terms of the deal were not disclosed.
“The goal for [Stagnito Media] is to grow through media launches and media acquisitions in the industrial engineering, architecture, construction and infrastructure industries, both in the private and public sectors,” said Harry Stagnito, president-CEO, in a statement.
Stagnito Media was formed by Harry Stagnito, Kyle Stagnito and Kollin Stagnito, a team with more than 80 years of successful media experience. Most recently, they managed Stagnito Communications, a food, beverage and packaging media company.
Stagnito Media is financially backed by Cardinal Growth, a Chicago-based private equity firm, with more than $500 million under management.