Washington, D.C.--October 5, 2000-- Hanley-Wood, the leading business-to-business information provider in the residential and commercial construction industry, acquired the assets of Builderburg Group, Inc., including Journal of light construction and the trade show JLC Live! Hanley-Wood purchased Tools of the Trade magazine from Builderburg in 1999. The announcement was made by Michael M. Wood, CEO of Hanley-Wood, LLC.
The Journal of Light Construction is a well-known and respected trade magazine with a paid circulation of 60,000 builders and remodelers. Its target audience is smaller builders and remodelers; its editorial focus is on how-to articles for professional contractors. JLC Live!, launched in 1997, is a trade show with an extensive seminar program and a unique hands-on training component for building professionals.
"This acquisition fits strategically with our plan to grow our residential construction base," says Peter Goldstone, President of Hanley-Wood's Magazine Division. The Journal of Light Construction will be part of the division's residential magazine group, under Remodeling publisher Rick Strachan. JLC Live! will be managed by Hanley-Wood's Exhibitions Division, headed by Galen Poss.
The Journal of Light Construction-the only 100% paid subscription magazine for remodelers and builders-has increased circulation by 65% in the past five years. It has a powerful editorial voice and complements the business orientation of Hanley-Wood's Remodeling and Builder magazines, according to Peter Goldstone, Magazine Division President.
JLC Live! The JLC Live events were launched in 1997 and are a dynamic, in-person complement to the JLC in-print products. With events in Baltimore, Las Vegas and Providence, JLC Live provides hands-on training, demonstrations, and new product displays to more than 10,000 building professionals annually.
With this acquisition, Hanley-Wood's estimated 2000 revenues will be $133 million. Hanley-Wood, LLC is owned by VS&A Communications Partners III, LP, the private equity affiliate of media industry merchant bank Veronis Suhler.
Hanley-Wood publishes leading magazines in the residential and commercial construction industry including Builder, Big Builder, Remodeling, ProSales, Custom Home, residential architect, Building Products, Concrete Construction, Tools of the Trade, and the consumer title Old-House Journal.
From its Exhibitions Division based in Dallas, Hanley-Wood produces five trade shows, including World of Concrete, Surfaces and Custom Home. Hanley-Wood Integrated Marketing is based in Minneapolis and the Home Planners Division, based in Tucson, is the leading publisher of house plan magazines. Hanley-Wood's Internet Division has a major Internet presence through its web sites including Builder online, Remodeling Online, and its new company, ebuild, the comprehensive guide to building products.
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