NEW YORK -- Dodge Data & Analytics LLC announced that it has entered into a definitive agreement to sell its industry-leading brands Architectural Record, Engineering News-Record (ENR), and SNAP to BNP Media. Terms of the deal, which is expected to close at the end of June, were not disclosed.
"This transaction signals Dodge's focus on our core business: providing information, intelligence, and data-driven insights to empower our customers in the construction industry," said Mike Petrullo, Chief Executive Officer, Dodge Data & Analytics. "ENR and Architectural Record, both published for over 100 years, have a long, storied history of journalistic excellence and leadership in the marketplace, and we wish them continued success under BNP's stewardship."
Based in Troy, MI and established in 1926, BNP Media is a fourth-generation family-run company that serves multiple industries with its leading business-to-business publications. The company publishes over 50 titles catering to 11 distinct industry markets.
"The publications, events, and continuing education business we have acquired have a magnificent reputation, unparalleled reach, and limitless opportunity. And, they complement perfectly BNP's strong presence in the construction, engineering and architectural industries," said BNP Media co-CEOs Harper, Mitchell and Taggart Henderson in a statement.
Dodge was represented by The Jordan, Edmiston Group, Inc., a New York City-based investment bank that specializes in the media, information, marketing and technology sectors.
About Dodge Data & Analytics: Dodge Data & Analytics is the leading provider of data, analytics, news and intelligence serving the North American construction industry. The company's information enables building product manufacturers, general contractors and subcontractors, architects and engineers to size markets, prioritize prospects, target and build relationships, strengthen market positions, and optimize sales strategies. The company's brands include Dodge, Dodge MarketShare™, Dodge BuildShare®, Dodge SpecShare®, Sweets, Architectural Record, and Engineering News-Record. To learn more, visit www.construction.com.