investcorp acquires randall-reilly, a leading media and information company focused on trucking and construction markets
al rumaihi: “an endorsement of our investment strategy”
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.”
