CG Petsky Prunier is pleased to announce it has advised Falfurrias Capital Partners on its majority investment in Industry Dive, one of the fastest-growing business-to-business media companies in the U.S.
Washington, D.C.-based Industry Dive was formed in January 2012 to provide news and trends for industry leaders through convenient mobile apps and websites. Now one of the business world's fastest-growing sources of journalism, Industry Dive serves seven million decision-makers through 22 daily online publications covering news and providing insights across 19 different industries ranging from retail and waste to supply chain and banking.
Industry Dive's three-year growth rate of 348% placed the company in the top half of the Deloitte Technology Fast 500 and earned it a ranking as the 13th fastest-growing media company on the 2019 Inc. 5000 list. The company also has been recognized twice as a top workplace by the Washington Post and has received several industry awards for editorial excellence in business journalism.
Falfurrias Capital Partners will work with Industry Dive to scale its B2B journalism, business intelligence, and sales and marketing products to new audiences and new industries. The firm is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America, Marc Oken, former CFO of Bank of America, and managing partner Ed McMahan. The firm is focused on acquiring or investing in a diverse portfolio of growth-oriented middle-market companies. By leveraging the extensive strategic and operational experience and business relationships of the firm's principals, Falfurrias Capital Partners is positioned to be a value-added partner for both its portfolio companies and its limited partners.
CG Petsky Prunier, with a team led by Seth Rosenfield, served as the exclusive financial advisor to Falfurrias.
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