Forbes Mergers & Acquisitions, a leading financial and transaction advisor, announced that Energy Central’s TransmissionHub and GenerationHub information services have been successfully acquired by PennWell Corporation. Forbes M&A senior advisors, Adams Price and Bob Forbes, served as the exclusive financial counsel to Energy Central for this transaction. “Energy Central has a strong reputation for providing reliable and trusted information to the global power industry,” said Adams Price, Managing Director at Forbes M&A. “When it came time to diversify some of the company’s assets, we were pleased to work closely with the management team to help facilitate a smooth selling process.”
Energy Central helps electric power professionals stay connected to happenings within the global power industry through a variety of information products including news, directories, events, databases, books, periodicals and reports. Two of the company’s products, TransmissionHub.com and GenerationHub.com, are interactive, online information services, which offer customers access to in-depth industry intelligence, up-to-date information and future insights.
As a client of Forbes M&A, Energy Central was looking for assistance from senior level transaction advisors with deep knowledge of the digital publishing space. “When it came time to sell TransmissionHub and GenerationHub, I knew we needed help navigating the complex transaction process. Fortunately, we found Forbes M&A,” said Steve Drazga, chief executive officer and owner of Energy Central. “Bob and Adams were instrumental in managing the entire selling process for us. With their assistance, we successfully closed a deal that was in the best interest of all parties.”
PennWell Corporation is a diversified global media and information company focused on helping business executives make informed decisions. The acquisition of TransmissionHub.com and GenerationHub.com adds new offerings to PennWell’s growing information and mapping business for the electric power industry. “Based on our knowledge of the industry, we were able to help both parties understand that the synergies between PennWell and the two information services made this a smart business deal,” said Bob Forbes. “All Forbes M&A clients receive senior level expertise, which allows us to make the merger and acquisition process efficient and effective for great companies like Energy Central.”
About Energy Central
Energy Central is a 17-year old media, publishing and knowledge services company serving the global power industry. Throughout its history, Energy Central has created and delivered industry-defining products, focused primarily on the North American power industry. Those product lines include Energy Central, reaching global power industry professionals; EnergyBiz, focused on power industry executives; Intelligent Utility, reaching smart grid professionals; and Utility Analytics Institute, reaching power industry analytics professionals. The company, headquartered in Aurora, CO, has a strong presence on-line, including the above brands and its job board at EnergyCentralJobs.com. Energy Central also publishes EnergyBiz and Intelligent Utility magazines, and produces summits, forums and conferences for power industry professionals.
About PennWell Corporation
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater treatment, waste management, electronics, semiconductor manufacturing, optoelectronics, fiber-optics, aerospace and avionics, LEDs and lighting, fire and emergency services, public safety, and dental. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell's headquarters in Tulsa, Oklahoma, the company has major offices in Nashua, New Hampshire; London, England; Houston, Texas; San Diego and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China.
About Forbes Mergers & Acquisitions
Forbes M&A is a leading transaction advisor to private companies. The firm represents and assists owners during the process of selling their businesses, merging or partnering with other companies, or growing through acquisition. The firm also provides valuation and strategic planning services, and can facilitate the raising of debt or equity capital. For more information, call 303-256-6768 or go to www.ForbesMA.com.