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Harrisburg Magazine Inc. sold to investment group
April 25, 2017//
Harrisburg Magazine Inc. sold to investment group
April 25, 2017//
Listen to this articleDirks, Van Essen & Murray, a media merger and acquisition firm based in New Mexico, said Monday that it represented owner Davy Goldsmith in the sale of his company to Benchmark Media LLC. The new limited liability corporation is based in Harrisburg, but is an investment group from Philadelphia, according to the M&A firm.
Terms of the deal, which closed Monday, were not disclosed.
Officials for the M&A firm said they were not authorized to disclose the principals behind the LLC. A call to Harrisburg Magazine was forwarded to the owners but not returned before press deadline.
Goldsmith was not immediately available for comment.
In a statement announcing the deal, he said, “Harrisburg Magazine has grown to be a quality publication and an asset to our community. I’m thankful to our editorial staff, led by Jadrian Klinger, for their talents and dedication. Chad Overbaugh has led the sales team with similar talent and dedication. I was blessed to work alongside so many good people.”
Harrisburg Magazine started in 1994 as Harrisburg City News. It helped launch other publications under what became Benchmark Group Media, including Lehigh Valley Magazine, Capital Watch, Urban Connection and La Voz Latina Central.
According to the joint statement, the new owner said it does not anticipate any immediate changes in the operation of the company.
Read the full press release here:
