Transaction Announcements – Category Posts from The Forbes M+A Group. Research via our Knowledge Base and get access to M&A articles, news, and other info.

The Forbes M+A Group Represents Eldorado Artesian Springs, Inc. in Successful Capital Raise and Recapitalization

Greenwood Village, Colo., United States (November 16, 2016) – The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce its client, Eldorado Artesian Springs, Inc., has successfully completed a multi-million dollar capital raise and recapitalization. The Forbes M+A Group’s President, Bob Forbes, and DealSource’s Managing Director, Jon Wiley, served as exclusive financial counsel for this transaction.

“Over the past 30 years, Eldorado’s management team has provided strong leadership and vision, driving continuous growth, market leadership and success,” said Bob Forbes, President for The Forbes M+A Group. “We were privileged to work with Eldorado in securing the funding they needed to consolidate ownership back to management and implement future expansion plans.”

eldo_logo-color_nobg_largeEldorado Artesian Springs, Inc. is a Colorado based company that is primarily involved in the bottling and marketing of natural artesian spring water.  The spring water is a multiple time medal award winner at the Berkley Springs Festival of Waters, the most prominent water tasting competition in the world.

Eldorado was founded in 1983 with the purchase of 40 acres of land, the artesian springs, eleven wells, water rights, a bottling plant, a warehouse, and the resort pool in Eldorado Springs, CO. In April of 1986, Eldorado Artesian Springs, Inc. became a public company listed on the NYSE.  Continuous growth over the years necessitated expansion and in 2001, Eldorado built a 38,000 sq. foot state-of-the-art bottling and distribution facility in Louisville, CO.

“I feel extremely fortunate to have been introduced to Bob Forbes and Jon Wiley, their experience and expertise combined with a thorough comprehension of our company objectives made it possible for us to secure a deal that will help Eldorado be successful,” said Doug Larson, President at Eldorado Artesian Springs. “Their guidance was invaluable as we reviewed offers and negotiated a deal structure that was exactly what we needed. We now have a great financial partner that is helping us get back to our entrepreneurial roots, for even greater success.”

“Eldorado’s management team knows the water business inside and out,” said Jon Wiley, Managing Director at DealSource Partners, who worked with The Forbes M+A Group on advising Eldorado Artesian Springs. “This knowledge combined with a clear vision for future growth made Eldorado very attractive to investors. We we were pleased to position the company in a way that generated multiple offers and potential capital structures. It was rewarding to help the management team secure the resources it needed to become more nimble and flexible.”  DealSource Partners provides strategic advisory services to middle market companies nationwide.

The approximately $9 million capital raise from a large financial services organization will be used to convert the company back to private ownership as well as purchase new assets for continued growth.

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com

The Forbes M+A Group Advises the Restaurant Source in Successful Acquisition

Greenwood Village, Colo., United States (July 19, 2016) – The Forbes M+A Group (www.forbesma.com), a leading transaction advisory firm, is pleased to announce the successful acquisition of its client, The Restaurant Source.  The Forbes M+A Group senior advisors, Jim Johnston and Bill Nack, served as the exclusive financial counsel to Restaurant Source for this transaction.

“The Restaurant Source has been a well-respected, family-owned business for over forty years,” said Jim Johnston, Managing Director for The Forbes M+A Group. “Multiple generations have worked hard to build this company into an undeniable industry leader and we are honored they trusted us to help them complete a successful transaction that will extend the company’s legacy for many years to come. It was a pleasure to get to know all of them and we are extremely happy to have helped orchestrate a deal that met the diverse needs of the entire family.”

Founded in 1951, The Restaurant Source designs, sells and installs food service supplies and equipment to customers in Colorado’s Front Range. The Restaurant Source’s website, one of the most comprehensive food service supply and equipment resource on line, was launched to give customers the ability to shop at their own time and pace. “As a family-owned business we had many different people involved with many different selling objectives,” said Arnie Schatz, CEO of The Restaurant Source. “The Forbes M+A Group took the time to get to know us. Through this knowledge of our company, they were able to find the right buyer to meet everyone’s goals. We are very appreciative of all they did for us.”

The Forbes M+A Group specializes in providing senior-level advice to lower and middle market businesses. “The Restaurant Source has a strong foothold in a strategic market and extensive industry expertise,” said Bill Nack, Managing Director at The Forbes M+A Group. “Although family-owned business transactions can be complicated, the relationship we had with the decision makers at The Restaurant Source allowed us to help them successfully navigate the intricate selling process and achieve an outcome that met their monetary and cultural-fit goals. We wish both parties all the best going forward.”

Details on the acquirer and transaction can be found at BE in the Kitchen.

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com

The Forbes M+A Group Represents Archipelago IS, LLC in Acquisition by Tectonic

Greenwood Village, CO, United States (October 22, 2015) – The Forbes M+A Group (www.forbesma.com), a leading transaction advisory firm, is pleased to announce the acquisition of Archipelago IS, LLC by Tectonic, a technology and business consulting firm and leading provider of insight to action solutions. This acquisition positions Tectonic as the leading consulting and solutions firm focused in the big data ecosystem, analytics, strategy advisory services, CRM and marketing technology across all clouds. The Forbes M+A Group served as the exclusive financial advisor to Archipelago. “Big data analytics is a fast-paced and innovative field,” said Adams Price, Managing Director of The Forbes M+A Group. “Representing Archipelago, a clear leader in this cutting-edge industry, was an honor. Julie Burrows and her team created a company with vision, integrity and a suite of services that help some of the largest, most well-known companies in the world leverage data to optimize performance.  We are happy to have helped them find a partner that positions them for even greater growth.”

archipelagoArchipelago IS is a strategic IT consultancy and professional services firm with expertise in big data strategy and solution design and implementation. Archipelago is also one of only four Google Authorized Trainers in the United States, allowing them to offer exclusive Google Cloud Platform training courses.  “The Forbes M+A Group was an invaluable partner throughout the acquisition process,” said Julie Burrows, Archipelago Founder and current Senior Vice President at Tectonic. “From the beginning, our advisor fought hard to structure the best transaction for us, while also guiding us through each step of the process. We were extremely fortunate to have them on our side.”

The acquisition of Archipelago IS positions Tectonic to be the leading consulting and solutions firm focused on the big data ecosystem, analytics, strategy advisory services, CRM and marketing technology across all clouds. “Archipelago brings the most comprehensive, integrated suite of big data analytics services, including strategy, data management, data visualization, and data science, which, combined with Tectonic’s big data capability, positions us to be the leading consulting and solutions firm in the ecosystem,” said Blair Linville, Tectonic’s Founder and CEO.

For more information about the transaction, please contact Adams Price at (303) 562-1960 or Adams.price@forbesma.com.

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves sellers or buyers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

The Forbes M+A Group Represents Energy-Efficiency Advisory Firm, Populus LLC, in Acquisition by CLEAResult

Greenwood Village, CO, United States (August 6, 2014) – The Forbes M+A Group is pleased to announce the successful acquisition of its client, Populus LLC, by CLEAResult. The Forbes M+A  Group senior advisors, Bill Nack and Jim Johnston, served as the exclusive financial counsel to Populus for this transaction. “Populus is nationally recognized for implementing extremely successful energy advisor programs,” said Bill Nack, Managing Partner of The Forbes M+A Group. “Their unique client-based approach has created a remarkable and compelling business. As part of the CLEAResult solutions portfolio, Populus will be able to expand its reach even further to affect energy usage at a national level. It is a terrific combination and an exciting time for both companies.”

Populus focuses on designing and implementing residential energy efficiency programs for municipalities and utilities that often must meet renewable energy and conservation mandates. Its distinctive approach combines building science, behavioral science, big data analysis and human relationships to achieve high levels of consumer participation.

“Populus chose to work with The Forbes M+A Group because we valued its understanding of the energy and clean tech industry, and we wanted a firm with national reach and a strong Colorado presence,” said Laura Hutchings, Chief Executive Officer for Populus LLC. “The entrepreneurial background and experience of The Forbes M+A Group’s advisors created a strong collaborative relationship. Bill and Jim were unwavering in their advocacy and personally committed to ensuring that we not only received a successful financial outcome, but that we consummated a transaction that was consistent with the long-term goals, culture and vision of the Populus team.”

“With Populus’ success at converting program participants to make investments in energy efficiency upgrades and its people-focused approach, it fits perfectly with our own goal of helping our client’s customers improve how they use energy,” said Glenn Garland, President & CEO of CLEAResult. “The addition of Populus to CLEAResult allows us to offer an innovative and proven approach that helps guide utility customers to achieve greater energy savings through technology-enabled services. Together we will continue to fulfill on our promise of helping change the way people use energy.”

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com

The Forbes M+A Group Represents New Tech Machinery in Acquisition by Mazzella Companies

Greenwood Village, CO, United States (June 23, 2015) – The Forbes M+A Group (www.forbesma.com), a leading transaction advisory firm, today announced the successful acquisition of its client, New Tech Machinery by Mazzella Companies, one of the largest group of companies in the manufacture and distribution of lifting equipment and architectural metal roofing materials. The Forbes M+A Group served as the exclusive financial counsel to New Tech Machinery for the transaction.

“New Tech Machinery is a worldwide brand leader and regarded as one of the premier machine producers in the metal construction industry,” said Bob Forbes, president of The Forbes M+A Group. “Its solid reputation, customer-focus and high-quality products made it a remarkable and exciting business opportunity. As part of Mazzella’s diverse portfolio, New Tech Machinery will be able to expand its reach even further. It is a solid combination and an exciting time for both companies.”

NTM-Logo-300-dpiNew Tech Machinery is based in Denver, CO with manufacturing facilities in Hermosillo, Mexico. The family-owned business has been manufacturing portable rollforming equipment for the past 24 years and has customers in more than 40 countries. The company engaged The Forbes M+A Group a year ago to assist in developing both a growth strategy and an exit plan.  “When it came time to explore transaction opportunities, we wanted advice and direction from a team with experience navigating the complex transaction process within our industry. Fortunately, we found The Forbes M+A Group,” said Roger Geer, chief operating officer of New Tech Machinery. “They were instrumental in helping us through the entire process. With their assistance, we successfully closed a deal that was in the best interest of all parties.”

Mazzella Companies acquired New Tech Machinery to add to its already diverse product offerings, which include a full range of rigging products, the manufacturing and servicing of overhead cranes, and engineered overhead lifting devices. “The acquisition of New Tech Manufacturing will enhance Mazzella Companies’ international manufacturing capabilities and help solidify our leadership in the architectural metal roof and wall industries,” said Tony Mazzella, chief operating officer of Mazzella Companies.

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves sellers or buyers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com

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The Forbes M+A Group Represents Summit Sports, Inc. in Successful Sale to Digital Fuel Capital

Greenwood Village, Colo., United States (June 9, 2015) – The Forbes M+A Group (www.forbesma.com), a leading transaction advisory firm, announced the successful acquisition of its client, Summit Sports, Inc., a consumer sporting goods retailer, wholesaler and manufacturer. Summit Sports, based in Bloomfield Hills, Mich., was purchased by Digital Fuel Capital, a private equity group focused on e-commerce and digital marketing investments. The Forbes M+A Group senior advisors, Jim Johnston and Bob Forbes, served as the exclusive financial counsel to Summit Sports for this transaction.

ski logo 1Summit Sports has been in the sporting goods industry since 1990 and was an early pioneer in bringing ecommerce to the industry. In addition to its retail stores and wholesale and manufacturing operations, the company owns and operates a number of successful ecommerce websites including Skis.com, Snowboards.com, InlineSkates.com, WaterOutfitters.com, CampGear.com and SummitOnline.com. Initially started as a 9-location Michigan retailer, Summit Sports has expanded to become a predominantly online business known for delivering exceptional customer service, industry expertise and significant value to customers worldwide.

The Forbes M+A Group initially was engaged a few years earlier by Summit Sports to complete a strategic planning exercise, providing valuation and marketability guidance. “The Forbes M+A Group opened my eyes to how the acquisition process worked and the many factors involved in maximizing your business valuation,” said Steve Kopitz, president of Summit Sports. “Bob and Jim spent a significant amount of time helping me prepare for a transaction and, consequently, were able to time the market right to attract a much broader universe of buyers. The best part of working with The Forbes M+A Group advisors was their honest, straightforward approach. I felt they were working for me in all situations, doing what was best for the deal, not just telling me what I wanted to hear.”

The buyer, Digital Fuel Capital, based in Newton, Mass., is an investment firm focused on investing in Internet retail and digital marketing technology and services businesses. Digital Fuel Capital has invested in a number of e-commerce platform companies that are consolidating their respective industries and Summit Sports will be pursuing acquisitions of other leaders in action and outdoor sports.

The Forbes M+A Group specializes in providing senior-level advice to lower and middle market businesses. “Summit Sports is the perfect example of how to prepare correctly for and execute a transaction that met the goals of everyone involved,” said Jim Johnston, managing director at The Forbes M+A Group. “By engaging with us early on, we were able to work together to time a transaction properly, develop a buyer market strategy and growth plan, and then engage multiple industry and financial buyers. The company’s visionary leadership, combined with its advanced ecommerce websites, made it possible to find a great buyer match and we are proud to have represented our client’s interests throughout the process.”

About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

The Forbes M+A Group Advises RMS Cranes in Sale to TNT Crane & Rigging, Inc.

Greenwood Village, CO (June 4, 2015) – The Forbes M+A Group (www.forbesma.com), a leading transaction advisory firm, announced today that Rocky Mountain Structures, Inc. and its subsidiaries including RMSCranes and RMS Rigging have been acquired by TNT Crane & Rigging, Inc., one of the largest crane service providers in North America.

The Forbes M+A Group served as exclusive financial advisor to Rocky Mountain Structures (RMS) for this transaction. “As one of the largest crane and rigging service companies in the Rocky Mountain Region, RMS has built an extensive customer base with deep ties to the area and a strong reputation for outstanding services,” said Gary Grange, managing director at The Forbes M+A Group. “We were pleased to work closely with the owners to facilitate a transaction that met their strategic goals and expanded a valuable crane and rigging resource for the region.”

FouRMS Cranesnded in 1977, RMS serves the manufacturing, industrial, cell tower, power, commercial and construction markets, as well as other end markets throughout the Rocky Mountain Region. Headquartered in Denver, CO, with offices in Colorado Springs and Windsor, CO, the company has a long-standing reputation for quality, safety and services, which is why customers throughout the region turn to it for their critical hoisting and rigging service needs.

RMS Cranes owners were seeking seasoned advisors to assist with developing a growth strategy and exit plan. The Forbes M+A Group was selected based the specific knowledge and industry experience of its senior level advisors. “When it came time plan for an exit, I knew we needed help navigating the complex transaction process, which is why we turned to The Forbes M+A Group,” said Cody Gilliland, chief executive officer and owner of RMS. “Gary and Bob were instrumental in managing the entire selling process for us. With their assistance, we successfully closed a deal that met our financial and growth goals, but they also found a buyer that matched our philosophy of valuing employees. They had the right combination of professionalism, experience and honesty, which helped us get through each step of the process. I’d highly recommend them to other sellers.”

TNTFounded in 1985, TNT Crane & Rigging, Inc. is one of the largest crane service providers in North America utilizing hydraulic truck, all terrain and crawler cranes with lifting capacity of up to 1,300 tons, plus a comprehensive inventory of gantry jacks, forklifts, rigging equipment, and tractor trailers. With the addition of RMS, the company now has over 1,500 employees working from its 38 strategically positioned branch network with a fleet in excess of 620 cranes. “We believe RMS is the ideal candidate to expand our U.S. presence further west into the Rocky Mountain region. This acquisition reinforces TNT’s commitment to partnering with best-in-class operators to better serve our clients. We are very excited to welcome RMS to the TNT family and are enthusiastic about our prospects for the future,” added James Turner, director of corporate development at TNT Crane.

“Based on our knowledge of the industry, we were able to connect RMS with a synergistic buyer that shares its growth goals and vision for the future,” said Bob Forbes, president of the Forbes M+A Group. “The newly joined organization is well positioned to be a national powerhouse and we are very pleased to have helped make this acquisition possible.”

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

The Forbes M+A Group Represents Industrial Distributor in Sale to Private Investors

Greenwood Village, CO, United States (December 16, 2014) – The Forbes M+A Group is pleased to announce the successful acquisition of its client, a prominent distributor of industrial products for the Rocky Mountain region, by a group of private investors. Forbes M+A served as the exclusive financial advisor to the seller.

The seller is a well-known distributor of high-end products used in the manufacturing of industrial products. With a strong reputation for providing knowledgeable product advice in addition to high quality products, the company generated interest from multiple investors. Tom Schmidt, managing director for Forbes M+A and one of the lead advisors on the sell-side of the transaction, said “Founded in 1955, our client had a rich history of selling high-end products to manufacturers. Manufacturers across the region valued their opinions. Buyers that cared about quality, chose to purchase their products.”

Bob Forbes, President of The Forbes M+A Group, stated “This industrial distributor had high quality owners and a great customer-centric culture. We were pleased to help position the company in a way that attracted a selection of potential buyers, which then allowed the executive team to find investors with a similar customer focus.”

Terms of the transaction were not disclosed.

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The Forbes M+A Group Advises EKS&H on Buy Side of Infolink Consulting Acquisition

Greenwood Village, CO  – The Forbes M+A Group, a leading financial and transaction advisor, announced that EKS&H has successfully acquired Infolink Consulting. Forbes M+A senior advisors, Adams Price and Bob Forbes, served as the exclusive transaction advisors to EKS&H. “EKS&H has a stellar reputation in the marketplace and a clear vision for enhancing its service offerings,” said Adams Price, Managing Director at Forbes M+A. “We are very pleased to have helped the organization achieve this important strategic objective and enhance its already extensive, high-quality consulting solutions.”

As a client of Forbes M+A, EKS&H was looking for highly experienced advisors with extensive knowledge of both the consulting services industry and the business technology market. “When it came time to add to our business intelligence and data integration service offerings, we knew finding the right opportunity would require a strategic and exhaustive search. Fortunately, we had Forbes M+A on our side,” said Bob Hottman, CEO of EKS&H. “Working with two very experienced dealmakers brought tremendous thought leadership to the process. Bob and Adams worked closely with our partners to first clarify the objectives and define the criteria for the acquisition. Forbes M+A then engaged the market for suitable candidates, and helped us carefully evaluate each potential company. The end result was an acquisition that is the absolute right match for our company and our clients.”

EKS&H is a Colorado-based public accounting firm providing audit, tax and consulting services to clients. With the acquisition of Infolink, EKS&H will offer clients an expanded suite of services including business intelligence, performance management, data integration and software training. These solutions will complement the existing offerings of EKS&H’s Business Technology Services Group.

“Working with EKS&H to develop an acquisition strategy and then conduct a far-reaching search to locate the right company was extremely rewarding,” said Bob Forbes, President of The Forbes M+A Group. “EKS&H has a leading market position, high growth, strong culture and high integrity. These characteristics make it a desirable organization to join, which contributed to our ability to attract, and ultimately complete the acquisition of an esteemed organization like Infolink Consulting. We could not be more pleased with the result.”

About The Forbes M+A Group

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.

Energy Central Sells TransmissionHub and GenerationHub to PennWell Corporation

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.