Pfingsten Publishing Is Acquired by Wind Point Partners
Thursday, 09 November 2006
Pfingsten Partners LLC, a private equity firm based in Deerfield, IL, today announced that it has sold Pfingsten Publishing LLC to Wind Point Partners, a private equity firm with offices in Chicago and Southfield, MI.
Headquartered in Ohio, Pfingsten Publishing is a business-to-business media company that serves nine market segments through three business groups. The company's Art and Framing Group serves the decorative art and fine art markets; the Financial Services Group serves the life and health insurance, property & casualty insurance and mortgage origination markets; and the Industrial Group serves the commercial construction, material handling, and maintenance repair and operations (MRO) markets.
"The sale of Pfingsten Publishing provides Wind Point Partners with an excellent platform that has industry-leading margins and an outstanding management team," said Tom Bagley, Senior Managing Director, Pfingsten Partners.
The Jordan, Edmiston Group, Inc. initiated the transaction and served as exclusive financial advisor to Pfingsten Partners and Pfingsten Publishing.
Katten Muchin Rosenman LLP law firm served as legal counsel to Pfingsten Partners, while Sachnoff & Weaver, Ltd. law firm represented Wind Point Partners.