RandallReilly Acquisition Finalized

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first_imgGlobal investment firm Investcorp today announced that it has finalized its acquisition of trucking and construction publisher the Randall-Reilly Publishing Company. Investment firm Berkery Noyes acted as financial advisor to Investcorp.Terms of the deal were not disclosed, but one financial source estimated the price to be more than $150 million.Tuscaloosa, Alabama-based Randall-Reilly publishes a number of titles serving the trucking, construction and woodworking industries, including Overdrive, Changing Lanes, Equipment World and Modern Woodworking. The trucking-related assets previously held by Investcorp include Greatwide, FleetPride and American Tire Distributors.In a January interview with FOLIO:, Randall-Reilly CEO Mike Reilly indicated that he is expecting double-digit growth over the next five years. “I’d like to be somewhere close to a $50 million EBITDA company,” he said. The company generates about $72 million in revenue, according to Reilly.last_img

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