Global business information company United Business Media announced its acquisition of business intelligence provider Commonwealth Business Media for $152 million, subject to anti-trust regulatory clearance; the deal is expected to close in the next four weeks. Commonwealth has an established portfolio of integrated media products and proprietary business information databases. The acquisition provides UBM with a strong position in a new vertical, the international trade and transportation business intelligence market, the company said.
In the year ended September 2005, more than 60 percent of Commonwealth's revenues were derived from data and online products, with 88 percent of revenues earned in the United States. In the same period, Commonwealth had revenues of $55.6 million and EBITDA of $12.0 million.
Commonwealth, headquartered in New Jersey, employs some 400 people and provides business intelligence to the international trade and transportation industry with comprehensive proprietary data, news and analytical content.
The Jordan, Edmiston Group represented Commonwealth in the transaction.