Brown Publishing Company announced that it is acquiring the assets of Austin (TX)-based ARG Publishing Company from Kevin Evans. Terms of the transaction were not disclosed. Mr. Evans will remain after the transaction to lead the company.
ARG Publishing Company, started by Evans in 2002, publishes the Austin Relocation Guide, Destination DFW, and several other related publications and websites that serve two of the fastest growing metropolitan areas in the country. According to Forbes magazines recent list of “Fastest Growing Large Metro Areas,” Austin ranked first, and Dallas – Fort Worth ranked sixth.
“We are very happy to add Kevin and his team to our company. He has built a great core of products and a great sales organization,” said Roy Brown, CEO of Brown Publishing.
“The Austin Relocation Guide, Destination DFW, and their related websites are unique and excellent products which provide a one-stop resource for anyone moving into or within the Austin and Dallas-Fort Worth markets. We hope and expect Kevin’s successful business model to be scalable, and look forward to working with his team to grow ARG in Texas and other states.”
“I’m excited to be associated with Brown Publishing Company and their family of products,” said Evans. “When we first met with Roy, it was clear that we shared a very similar management philosophy, growth strategy, and dedication to customer service. Joining his organization seemed a natural fit.”
Regional Media Advisers, the only M&A advisory firm dedicated to the regional publishing industry, advised ARG Publishing in the transaction.
Closely-held Brown Publishing Company is based in Blue Ash, Ohio. It was founded in 1920 with a single weekly newspaper and currently publishes 15 daily and 62 weekly newspapers in Ohio. The company also publishes market leading business publications in Colorado, Iowa, South Carolina, Texas, and Wyoming, a community weekly and lifestyle magazine in New York, and a database software company in Colorado.