Naylor, a portfolio company of RLJ Equity Partners, has acquired Boxwood Technology, a provider of online career centers and career-related services.
“RLJ Equity Partners is delighted to support Naylor’s acquisition of Boxwood Technology,” said Jerry Johnson, Managing Director of RLJ Equity Partners. “The acquisition of Boxwood further diversifies Naylor’s digital footprint and its product offering to the North American association marketplace.”
Boxwood Technology is a provider of online career centers and career-related services to more than 1,000 trade associations. Services include career development, online learning, online and in-person career fairs, mentoring, and resume writing. The company was founded in 1998 by current Chairman and CEO John Bell. Boxwood has offices in Hunt Valley, MD and Herndon, VA (www.boxwoodtech.com).
“We are thrilled to add John Bell and the Boxwood team and products to the Naylor family,” said Alex DeBarr, Naylor President and CEO. “We firmly believe every association should play a role in the career opportunities and development of its members, and no one does that better than Boxwood. Their products and services are an excellent fit to our full suite of digital, print and event media services and our focus on generating non-dues revenue.”
Naylor, acquired by RLJ in December 2013, is a provider of outsourced business and communications services to trade associations. Services include marketing communications – including magazines, member directories, online buyers’ guides, eNewsletters, digital magazines, show guides, event marketing/promotions, turnkey event management and exchange events. The company currently serves more than 450 associations in 85 industries. Naylor was founded in 1969 and is headquartered in Gainesville, FL (www.naylor.com).
RLJ Equity Partners invests from $15 million to $30 million in companies valued between $50 million and $250 million. Target companies will have operating profits greater than $7 million and operating margins greater than 10%. Sectors of interest include aerospace & defense; auto & transportation; business services; consumer retail; general industrial; and media & telecom. RLJ Equity Partners was founded in 2006 by Robert L. Johnson in partnership with The Carlyle Group. The firm is headquartered in Bethesda, MD (www.rljequitypartners.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-28-14