Canaccord Genuity Advises Leading Real Estate Media Company Inman Group on its Sale to Beringer Capital
Canaccord Genuity is pleased to announce that it has advised Inman Group on its sale to Beringer Capital, a leading North American private equity firm specializing in the media, marketing services, and technology sectors. Known for its award-winning journalism, cutting-edge technology coverage, in-depth educational opportunities, and forward-thinking events, Inman is the industry’s preeminent source of real estate information.
Founded by entrepreneur and long-time journalist Brad Inman in 1996, Inman has established itself as the go-to news source for the residential real estate industry. Through its digital and in-person platforms, Inman reaches more than two million real estate professionals who rely on its award-winning news coverage, thoughtful commentary, and forward-looking events to remain abreast of emerging trends and best practices. Moving forward, Mr. Inman will retain an ownership stake and continue to play an active role in the Inman community.
Beringer Capital is a private equity firm specializing in the rapidly evolving media, marketing services, commerce, data, and technology sectors. The firm leverages its financial and intellectual capital to invest in middle-market companies that are strongly positioned to benefit from the accelerating trend toward digital transformation. Beringer’s collaborative approach, as well as its strong track record with add-on acquisitions, helps visionary leadership teams to deliver exceptional customer experiences and achieve impressive results.
Inman will continue to be led by CEO Josh Albertson and his management team. Together with Beringer Capital, the company will invest significantly in additional growth opportunities across Inman’s editorial and events operations, including strategic acquisitions to cement the business’ market leadership position.
Canaccord Genuity, with a team led by Seth Rosenfield, Jason Partenza, and Wes Rossiter, served as exclusive financial advisor to Inman. This is Canaccord Grenuity’s eighth B2B Media & Information Services transaction since January 2020.