K&BDN Parent Acquired by Media Firm
Melville, NY Cygnus Business Media, the parent company of Kitchen & Bath Design News and its four sister magazines, has been acquired by CommerceConnect Media, a Westport, CT-based media and communications company, corporate officials announced.
The acquisition, announced in late June, will enable Cygnus one of the country's leading business-to-business media companies to "serve as the foundation for a diversified marketing communications company," commented CommerceConnect Media CEO Paul Mackler, formerly president of Reed Exhibition Companies, a $225-million division of Reed Elsevier.
Cygnus, based here and in Fort Atkinson, WI, publishes 48 trade magazines in eight major markets, including residential remodeling, cabinet manufacturing and fabrication. Other markets include imaging, public safety, transportation, construction equipment, agriculture, food and retailing.
Among the company's trade magazines are K&BDN and four related titles SolidSurface, Wood Digest, Qualified Remodeler and Laminating Design & Technology. The company also publishes 17 custom publications managed by its Fort Atkinson, WI-based Custom Marketing division, and produces 17 trade shows within Cygnus' Burnsville, MN-based Exposition division.
"Cygnus Business Media is a solid foundation which CommerceConnect Media will use in order to strategically grow and expand its lead in the business-to-business communications marketplace," Mackler said.
"We plan to offer a diverse variety of print, live and interactive media products and services to the business executives, marketers and professionals in each market we serve."
Gerry Hogan, a former cable-television executive, purchased Cygnus Business Media formerly known as PTN Publishing Co. in 1997, along with partners Blair Schmidt-Fellner and investors Kelso & Company.
CommerceConnect Media is a year-old partnership between Mackler and ABRY Partners LLC, a Boston-based private equity investment firm that invests solely in media and communications companies.
Prior to his experience with Reed Exhibition Companies, Mackler was a principal and CEO of CMC, a trade show, conference and publishing company.
"Kitchen & Bath Design News, I'm extremely confident, is in very good hands under its new ownership," said K&BDN publisher Eliot Sefrin. "CommerceConnect Media shares our vision for the future and will continue to support us in our growth.
"We look forward to working closely with Paul Mackler in delivering to the kitchen and bath industry a first-class magazine and a variety of related non-print