The Business & Enterprise Group acquires Room501 Publishing
Independent publishers Room501 Publishing has been acquired by County Durham based BE Group (Business & Enterprise Group).
Room501 publishes a wide range of business to business products across the North of England and Scotland.
The deal was concluded recently and has seen the BE Group add a publishing arm to its growing portfolio of business to business activities, which also include business improvement services, supply chain development and event management.
The BE Group has acquired the shareholding for an undisclosed sum and will work with the existing team to build the business on a national basis, online and in print.
Alastair MacColl, chief executive of the BE Group has commented on the deal: “We are delighted to announce the acquisition of Room501 Publishing Ltd and to welcome such a talented team into the BE Group. By bringing room501 into our Group we are continuing to invest in the development of a formidable portfolio of business services which offer all of our customers more choice and value. Quite simply, together we will be able to provide a comprehensive publishing, communications and events package for both established and new customers.”
Chris March, managing director of room501 also said: “This is an important development in our growth plans for the future and our continuing expansion of the business across the UK. Room501 has grown significantly over the last few years and, with the support of the BE Group, we aim to increase the footprint of our leading business titles whilst continuing to grow our business events portfolio and contract publishing work."
As a result of the move both Chris March and Bryan Hoare, sales & marketing director, will remain as directors and shareholders in Room501 Publishing.