Daily News
From Home Furnishing Business
BridgeTower Media Bought by Transom Capital
November 12,
2020 by Laurie Northington in Business Strategy, Industry
BridgeTower Media, owner of Furniture Today, has been acquired by venture capitalist firm Transom Capital.
BridgeTower Media is a business media and marketing platform providing authoritative content within the legal, business, construction, legislative, pet retail, and home furnishings sectors through more than 40 print and digital brands.
“BridgeTower Media has been an integral partner to businesses across the country providing valuable media and marketing services for a long time,” said James Oh, partner at Transom. “The company has a strong leadership team and has invested in its brands to be a market leader today. Our plan is to continue on the success the team has achieved and invest in technology and resources to stay ahead of the dynamic market.”
Adam Reinebach, CEO, BridgeTower Media, said “We’re excited to partner with Transom to expand our business and strengthen our commitment to the markets we serve. The culmination of this deal is a tribute to the resiliency, dedication and creativity of our people, whose collective grit is unmatched. We’re thrilled to find an investment partner who shares our vision for the future.”
Kirkland & Ellis acted as corporate legal advisor and Perkins Coie LLP acted as the financing legal advisor to Transom. Cerberus Business Finance provided the financing for the transaction. JEGI LLC acted as financial advisor to Gannett Co., Inc.