Detroit-based Crain Communications announced Monday that it has acquired Hart Energy, a news and media company focused on the energy sector and headquartered in Houston, for an undisclosed amount.
A story by Nick Manes of Crain’s Detroit states, “Hart Energy’s brands include Oil and Gas Investor, E&P and the DUG conferences, among others.
Financial terms of the deal were not disclosed, but the acquisition adds to Crain’s existing portfolio of 21 business media brands, some of which were also added via acquisition in recent years.
“The acquisition ‘aligns with Crain Communications’ mission to provide decision-makers and executives with intelligent, timely news and information to stay on top of fast-changing moves in their respective industries,’ the company said in a news release.
“‘We are excited to add the Hart Energy portfolio to the Crain Family of brands, and to be part of this dynamic, expansive industry that touches businesses and lives across the globe,’ Crain Communications President and CEO KC Crain said in the release. ‘We look forward to providing readers and business partners alike even more ways to access this exclusive content when and where they want it.’
In acquiring Hart Energy, Crain adds on to its portfolio of multi-platform news media brands that includes the Crain City Brands in Chicago, Cleveland, Detroit, Grand Rapids and New York, as well as industry-focused brands including Automotive News, Ad Age, Pensions & Investments and Modern Healthcare. Crain brands reach a combined 78 million readers globally.
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