New York—Wind Point Partners, a private equity firm, Thursday announced it has acquired Pfingsten Publishing and Highline Media in separate deals and combined them to form Summit Business Media.
Financial terms of the deals were not disclosed.
Wind Point formed Summit in partnership with Bill Reilly, former chairman-CEO of Primedia, who has been named Summit’s chairman-CEO.
Pfingsten Publishing is a b-to-b media company that covers nine market segments through three business groups. The Art & Framing group focuses on the decorative art and fine art markets. The Financial Services Group covers the life and health insurance; property and casualty insurance; and mortgage origination markets. And the Industrial Group serves the commercial construction, material handling, and maintenance, repair and operations (MRO) markets.
Highline Media owns National Underwriter Co., whose brands include Claims, Life/Health, National Underwriter Property/Casualty and Tech Decisions. It also owns insurance and banking data assets and Wealth Manager.
Media investment bank Jordan, Edmiston Group handled the transaction on behalf of Pfingsten Partners and Pfingsten Publishing. BMO Capital Markets represented Highline Media.