New York—In a move that greatly expands its presence in b-to-b markets, Summit Business Media said Friday it has agreed to acquire Wicks Business Information (WBI), a media company targeting financial services and legal markets in North America. Financial terms of the deal were not disclosed. WBI, a unit of Wicks Group of Cos., publishes Credit Union Times, Inside Counsel, Investment Advisor and Treasury & Risk as well as their respective Web sites. It also produces custom publications and live events. Its Executive Enterprises seminar unit produces more than 100 courses annually for accountants, lawyers and tax professionals.
WBI will join Summit’s Highline unit, which focuses on financial and insurance markets.
The deal is expected to close later this month. Doug Manoni, CEO of WBI, will be leaving the company after a transition period.