NEW YORK, Sept. 4, 2007 (PRIME NEWSWIRE) -- William F. Reilly, Chairman and CEO of Summit Business Media, announced the appointment of Andrew L. Goodenough as President of Summit Business Media, effective September 1, 2007.
"Andy has done a wonderful job in the initial stages of our buildup, which is currently on plan," said Reilly. "In addition to continuing to lead the growth of our Highline Business Media unit, he was the driving force behind our acquisition of Wicks Business Information, completed in July and now a part of Highline. In his new role, he will be operating head of the entire Company, which currently includes the Pfingsten Publishing and Highline operations acquired last fall. Andy is also leading a number of conversations with additional acquisition candidates."
Mr. Reilly, the largest individual shareholder of Summit, continues to hold the position of Chairman and CEO. The CFO, Thomas M. Flynn, will report to Mr. Reilly with dotted line to Mr. Goodenough. All other executives will report to Mr. Goodenough. Although his responsibilities may change, Joe Bennett, former president of Pfingsten Publishing and SB Media LLC, will continue his role in helping to grow the company and create value.
About Summit Business Media
Summit Business Media was formed through Wind Point Partners' acquisition of Highline Media and Pfingsten Publishing in November 2006. Together, these units publish the insurance titles National Underwriter Property/Casualty and Life/Health weeklies, Life Insurance Selling, Agent Sales Journal, American Agent & Broker, Claims, Tech Decisions, Insurance Advocate and Florida Underwriter, and financial titles Mortgage Originator, Wealth Manager, Research and Futures. In July 2007 the Company acquired Wicks Business Information, and added Investment Advisor, Credit Union Times, Inside Counsel and Treasury & Risk magazines, continuing to expand its footprint in the financial industry as well as adding the legal and accounting markets, as part of its growth into the professional services marketplace. The Company also publishes the reference tools TaxFacts and Fire, Casualty and Surety Bulletins, and, through its Highline Data unit, financial and market information on insurors and company benefit plans. Summit also sponsors the international Investment Conferences on global mining investment, a dozen conference events affiliated with its magazine brands, and via its Executive Enterprises unit, more than 100 professional education seminars annually.
Summit is also one of the leading organizers of consumer art expositions and providers of business-to-business information to the art market. Additional information about Summit is available at www.summitbusinessmedia.com.
About Wind Point Partners
Wind Point Partners(r) is a private equity investment firm with $2 billion in capital under management. Wind Point focuses on partnering with top caliber executives in the business services, consumer products, healthcare, industrial products and media/communications markets to acquire solid middle market businesses with a clear path to value creation. Additional information about Wind Point is available at www.windpointpartners.com. Wind Point also owns Active Interest Media, leader in enthusiast magazines, related books and consumer shows. More information about AIM can be found at www.activeinterestmedia.com.