BV Investment Partners has announced the sale of its portfolio company Northstar Travel Media, a business-to-business information company serving the travel and meeting industries, to The Wicks Group of Companies. This is the fourth exit in 2012 for BV Investment Partners.
“BV’s expertise in the business and information services sector proved pivotal as we worked together to pursue new avenues of growth over the past several years. We are proud of the way we have grown and transformed the business under BV’s ownership and we look forward to working with our new partners at The Wicks Group to begin our next stage of development,” said Thomas Kemp, Chairman and CEO of Northstar.
Northstar is a business information and marketing solutions provider to the travel, tourism, and meetings industries. The company provides information and marketing solutions through a branded portfolio of information, events, research and content products, delivered online and offline. The Northstar assets include Travel Weekly, Meetings & Conventions, Travel Age West, Successful Meetings, Business Travel News, Incentive, Meeting News, and PhoCusWright. The company is based in Secaucus, NJ (www.northstartravelmedia.com).
“Northstar’s superb management team led by CEO Tom Kemp, whom we recruited in 2009, did an outstanding job of growing this company and strengthening its leadership position in its served markets. The company has been transformed from a print publishing business to a multi-dimensional cross platform business information and marketing services company as a result of continued investment in strong leadership, innovative new product development, and complementary acquisitions. We are pleased with this successful outcome and believe the company will continue to thrive under The Wicks Group,” said Andrew Davis, a Managing Director of BV.
BV Investment Partners makes investments in US based companies active in the information and business services, communications and media industries. Since its founding in 1983, the firm has invested $2.6 billion in 75 companies. The firm was founded in 1983 and has offices in Boston, MA and New York, NY (www.bvlp.com).
