In March, Dental Economics (DE) was acquired by Endeavor Business Media from Clarion Events. The transaction was part of a broader acquisition that involved a number of titles published under the PennWell name. Additional dental media acquired by Endeavor in the transaction includedRDH and DentistryIQ.
“I have long admired the work PennWell has performed in the B2B industry,” said Endeavor CEO Chris Ferrell. “When the opportunity came along to add a significant number of the former PennWell brands to our company, we jumped at the chance. Their organizational structure and product mix will fit nicely with how we approach the business. We look forward to getting to know our new colleagues and clients.”
PennWell President and CEO Mark Wilmoth said, “Since Clarion acquired us last March, we have been working diligently on the transition, which included a deliberate plan to find a good home for PennWell businesses in markets that were not central to Clarion’s future goals. Endeavor Business Media is a young, rapidly growing company and will be a great parent for the PennWell media and events businesses serving the oil and gas, water, dental, and industrial technology sectors.”
Nashville-based Resolute Capital Partners, a provider of capital to lower middle market business and health-care service companies, is the private equity sponsor of Endeavor Business Media.
“The addition of the highly respected PennWell brands is an exciting milestone for Endeavor,” said Caroline Ducas, Partner with Resolute Capital. “We are very pleased with the progress the Endeavor team is making toward building an outstanding portfolio of event and media properties.”
After the transaction, Endeavor has almost 400 employees in 12 offices operating more than 40 print and digital brands. The company also conducts more than 40 events including eight trade shows and conferences.