Khalid Al Rumaihi

Investcorp acquires Randall-Reilly, a leading media and information company focused on trucking and construction markets

Mon, 2008-03-10 14:20 - By
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Investcorp, a leading global provider and manager of alternative investment products, today announced that it has acquired Randall-Reilly Publishing Company, LLC, the premier media and information company focused on the trucking and construction markets in the United States.

Investcorp acquired Randall-Reilly, which is based in Alabama, USA, from Wachovia Capital Partners and members of management.

Khalid Al Rumaihi, an Investcorp Managing Director and Head of Institutional Investments, said: 'Randall-Reilly's management team has generated impressive growth in the business both organically and through acquisitions. We believe the company has a terrific franchise with significant opportunities to grow, and we look forward to supporting Chief Executive Officer Mike Reilly and his team in achieving their strategic goals. The successful signing of this deal, at this particular time of market turmoil, is an endorsement of the sound investment strategy that Investcorp has been pursuing'.

Mike Reilly, President and CEO of Randall-Reilly Publishing, said: 'We have been most impressed with the Investcorp professionals and their insight into our key markets. Investcorp has a distinguished 25-year track record of success and through a number of existing and past investments, possesses exceptional knowledge of the media industry, as well as of Randall-Reilly's individual end markets.'

About Randall-Reilly Publishing
Founded in 1934, Randall-Reilly Publishing is the premier US media and information company focused on the trucking, construction and industrial markets.

The company's trucking division serves the fleet, owner-operator, recruitment, truck stop, pre-owned truck and trailer, dealer and heavy-duty aftermarket segments.

Randall-Reilly's construction division covers the highway and heavy construction, landscaping and used equipment markets. The company also publishes a magazine focused on the woodworking industry.

Randall-Reilly's Equipment Data Associates business is an industry-leading collector and aggregator of equipment purchase and financing data, which it offers to its customers in industrial equipment end markets for sales lead generation and market intelligence.

Randall-Reilly has offices in Tuscaloosa, Alabama; Atlanta, Georgia; Chicago, Illinois; Charlotte, North Carolina; and New Berlin, Wisconsin.

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