Lion Equity Partners announced today that it has acquired certain assets from Network Communications including all print and digital assets and trademarks of real estate media brands. The acquired assets include The Real Estate Book, Mature Living Choices, Senior Living Choices, New Home Finder, New Homes & Ideas, New Homes Journal brands along with Network Communications’ publication printing division and facilities.
Lion Equity will operate the acquired assets under a new platform investment called NewPoint Media Group. According to Lion Equity, NewPoint Media Group is now the largest publisher of local printed and online home-related magazines in the United States.
NewPoint Media Group is an integrated real estate media platform, delivering both printed and online localized real estate magazines to over 300 markets across the U.S. and Canada. NewPoint is both a publisher of its own titles, as well as a printer of third-party publications. NewPoint’s owned publications are distributed in printed form to over 12 million readers on a monthly basis – and its online offerings draw over 6 million unique web users annually. The company is headquartered in Lawrenceville, GA (www.newpointmediagroup.com).
“NewPoint’s market-leading printed and digital offerings are well established throughout the U.S. and Canada and represent a tremendous platform for growth” said Ari Silverman, Partner of Lion Equity. “We are really excited about working with management to expand NewPoint’s market presence both geographically as well as by introducing new titles, products and services to our customers and end-users.”
Lion Equity Partners specializing in acquiring controlling interests in small- to middle-market businesses across multiple industries. Typical transaction values for the firm are between $5 million and $50 million. Lion Equity’s investment strategy is centered on creating value in its portfolio companies through a combination of organic growth and add-on acquisitions. The firm is based in Denver, CO (www.lionequity.com).
