Falfurrias Capital Partners has bought a majority stake in Industry Dive, which publishes a series of email newsletters and websites such as Retail Dive and Restaurant Dive, for an undisclosed amount.
Founded in 2012 and based in Washington, D.C., Industry Dive provides business news, analysis and other information products and services to more than 7 million executives across 19 industry verticals ranging from banking and supply chain to retail and waste.
Co-founder and CEO Sean Griffey will continue to lead Industry Dive with fellow co-founders Ryan Willumson, chief revenue officer, and Eli Dickinson, chief technology officer. Falfurrias Capital Partners partner Joe Price and principal Geordie Pierson will join the Industry Dive board.
“Industry Dive’s partnership with Falfurrias comes at just the right moment, when we are ready to scale our B2B journalism, business intelligence, and sales and marketing products to new audiences and new industries,” said Griffey in a statement. “We wanted growth partners who were true managers, builders, and advisors, not only financial supporters, and we’ve absolutely found that in Falfurrias.”
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America
