All Island Media, Inc., a portfolio company of Cygnet
Capital Partners LP, Acquires Guinan Publishing Corporation.
February 1, 2007
All Island Media, Inc. announced today the acquisition of Guinan Publishing Corporation of Plainview, NY. Under terms of the agreement, Guinan will consolidate operations to All Island Media's facilities in Bohemia and Hicksville, NY. All Island Media will continue to publish Guinan's shopper publications under their longstanding Town Crier and Pennysaver titles. All key employees will remain with the business and join the All Island team.
"The acquisition of Guinan is a very positive development for All Island Media, our advertisers and our readers," said Richard Megenedy, CEO of All Island Media. "Along with the addition of Guinan's strong papers, we have concurrently enhanced the paper quality of all our publications and streamlined the content for a clean, crisp look. We will also be expanding our Community News section to strengthen local readership and will be launching our new, state-of-the-art website to broaden our advertising reach."
For more information, contact Chris Lund at Hamilton Robinson LLC at firstname.lastname@example.org or at 203-602-0012.
About All Island Media
All Island Media is the leading independent publisher of shopper newspapers on Long Island (NY). The free weeklies enable local advertisers (thousands of diverse small businesses and individuals) to affordably reach their target geographic audience through saturation coverage of household zones selected by zip codes. The flagship titles Pennysaver and Town Crier reach a combined circulation of 970,000 homes in Nassau and Suffolk counties, which together constitute one of the demographically strongest shopper advertising markets in the country. The company also publishes other advertising media for its customers including circulars, direct mail cards, and other specialty products.
About Hamilton Robinson LLC
HRCo, a private equity firm founded in 1984, works with financial and management partners to make investments in small to medium size growing businesses. Over the past decade, the firm and its principals have managed and organized transactions involving 35 companies, representing an aggregate value of approximately $1 billion.
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