Axel Springer, the parent of Morning Brew and Business Insider, has acquired Bisnow, a commercial real estate media and events business, for an undisclosed amount.
Founded in 2005, Bisnow hosts more than 400 live events each year in 47 local markets across the U.S., Canada, the UK, Ireland and the Netherlands.
Robert Dippell will lead the newly formed Brew Media Group in addition to his current role as CEO of Morning Brew Inc.
Bisnow and Morning Brew Inc. will operate as separate, independently run companies as a part of Brew Media Group, which will actively pursue further targets in the U.S. to accelerate growth, scale its offerings, and enable cross-brand innovation across events, newsletters, and digital products.
Dippell brings a deep understanding of Bisnow from his earlier work with the company, where he served as chief revenue officer and executive advisor. Bisnow’s executive team, including CEO Gregg Mayer, will remain in place as Axel Springer supports the company’s next phase of growth.
“This moment is a testament to the extraordinary work of our team and the strength of the Bisnow brand around the world,” said Mayer in a statement. “Axel Springer recognizes not only our performance and leadership in commercial real estate, but also the culture, entrepreneurial drive, and industry relationships that set us apart.”
