Randall-Reilly Publishing Co. today announced that Investcorp, a leading global provider and manager of alternative investment products, has acquired the company in conjunction with Randall-Reilly President and CEO F. Michael Reilly and other members of management.
Investcorp is acquiring Randall-Reilly from Wachovia Capital Partners and members of management. Terms of the transaction, which is expected to close in the first calendar quarter, were not disclosed.
“We have been most impressed with the Investcorp professionals and their insight into our key markets,” Reilly said. “Investcorp has a distinguished 25-year track record of success, and, through a number of existing and past investments, possesses exceptional knowledge of the media industry, as well as of Randall-Reilly’s markets. This is an exciting time as we embark on another period of rapid growth, which will allow us to offer new and expanded products to serve our customers.”
“Randall-Reilly’s management team has generated impressive growth in the business both organically and through acquisitions,” said Sean Madden, an Investcorp managing director. “We believe the company has a terrific franchise with significant opportunities to grow, and we look forward to supporting Mike Reilly and his team in achieving their strategic goals.”
Sean Smith, a partner at Wachovia Capital Partners, said, “We have enjoyed a terrific partnership with Mike Reilly and his team. The team has demonstrated great success in growing the business, and we believe that Investcorp is an ideal partner for Randall-Reilly in the next stage of its growth.”
Founded in 1934, Randall-Reilly Publishing (www.rrpub.com) is the premier U.S. media and information company focused on the trucking, construction and industrial markets. The company’s trucking division serves the fleet, owner-operator, recruitment, truck stop, pre-owned truck and trailer, dealer and heavy-duty aftermarket segments. Randall-Reilly’s construction division covers the highway and heavy construction, landscaping and used equipment markets. The company also publishes a magazine focused on the woodworking industry.
Randall-Reilly’s Equipment Data Associates business is an industry-leading collector and aggregator of equipment purchase and financing data, which it offers to its customers in industrial equipment end markets for sales lead generation and market intelligence.
Randall-Reilly has offices in Tuscaloosa, Ala., Atlanta, Chicago, Charlotte, N. C., and New Berlin, Wis.
Founded in 1982, Investcorp (www.investcorp.com) is a leading provider and manager of alternative investment products with more than $13 billion in assets under management as of June 30, 2007. The firm, which has offices in New York, London and Bahrain and is publicly traded on the London Stock Exchange (IVC) and Bahrain Stock Exchange (INVCORP), has five lines of business: private equity, hedge funds, real estate, technology investment and Gulf growth capital.
Investcorp’s current private equity investments include: Greatwide, a leading U.S. logistics provider focused on ground transportation and related service offerings; FleetPride, the largest independent distributor of aftermarket heavy duty truck and trailer parts in the U.S.; American Tire Distributors, a leading national distributor of tires to the replacement tire market in the U.S.; SourceMedia, a leading provider of information products and solutions in the U.S.; and, Welcome Break, the second largest operator of motorway service areas in the UK. Past private equity investments by Investcorp include: Tiffany & Co., Gucci, Prime Equipment, Carter’s, Simmons, Leica, Jostens and APCOA.