Apprise Media agrees to buy Canon Communications

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New York—Apprise Media announced last Thursday that it has agreed to acquire Los Angeles-based Canon Communications from a private equity fund operated by media merchant bank Veronis Suhler Stevenson. Financial terms of the deal were not disclosed. Canon specializes in the medical device and plastics markets. It produces 15 trade shows, publishes 15 magazines and operates eight online properties. Canon’s key properties include, Medical Device & Diagnostic Industry and the Medical Design and Manufacturing trade show. Apprise, which is backed by Spectrum Equity Investors, said the Canon deal gives it an operating base in b-to-b media. "We believe that the b-to-b media segment is in the early stages of a cyclical upturn and that well-positioned companies like Canon have strong growth potential," Charles G. McCurdy, Apprise chairman-CEO, said in a statement.

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