FiscalNote Completes $180m Acquisition of CQ Roll Call From The Economist Group
In a move involving two SIPA members, FiscalNote announced Monday that it has completed its acquisition of CQ Roll Call from The Economist Group for $180 million through a combination of cash and equity. The Economist Group obtains an 18% equity stake in FiscalNote, making it the largest single shareholder of the company, and Chris Stibbs, CEO of The Economist Group, will join the board of directors.
As part of the transaction, S&P Global takes a strategic equity investment in the D.C.-based FiscalNote and appoints Mark Blake, its global head of corporate development, as a board observer. FiscalNote founder Tim Hwang (pictured) remains the largest individual shareholder and will continue to lead the company.
"I am humbled by the opportunity to oversee the next phase of FiscalNote growth while protecting the legacy and tradition of the CQ and Roll Call brands," said Hwang. "The combination of FiscalNote's technology with CQ Roll Call's non-partisan and unbiased information and analysis creates an exciting opportunity to further our mission of connecting the world to their governments, enabling us to better serve customers and readers."
Katie Grzechnik Neill Joins insideARM as General Counsel and Regulatory Editor
The iA Institute and insideARM announced the addition earlier this month of Katie Grzechnik Neill to their team in the role of general counsel and regulatory editor.
Prior to joining insideARM, Neill served as compliance and litigation counsel at ARS National Services Inc., a national collection agency that works on behalf of some of the world's largest banks, fintech companies, and other financial institutions. She is a well-known and respected voice in the debt collection industry and a regular contributor of articles to insideARM.
Stephanie Eidelman, CEO of The iA Institute, said "We are beyond excited to welcome Katie. We've been searching for a long time for someone knowledgeable and skilled enough to lead our news coverage. We have been lucky to get to know Katie as she has engaged with our initiatives over the past few years, and she is a terrific fit."
Don Pazour Named 2018 Legend of the Industry at IAEE's Krakoff Leadership Institute
Also earlier this month, the International Association of Exhibitions and Events (IAEE) honored Access Intelligence CEO Don Pazour with its 2018 Legend of the Industry award during the Krakoff Leadership Institute in Savannah, Ga.
In an article on Trade Show Executive, Pazour is lauded as "a leader who was instrumental in a host of acquisitions that helped build trade show portfolios. He launched his media career as an editor of a mining magazine, which led to launching a mining summit in Mexico. That hooked him on face-to-face events."
"My philosophy has always been one of collaboration and support with my fellow colleagues, and I have been fortunate to work with industry leaders who have inspired me throughout my career," Pazour said.
"The future of face-to-face business experiences is strong now," he told TSE. "... but the future leaders of our industry need to use their imaginations, the power of technology and the demands of a new generation of customers to maximize our growth and value to the economy."
OPIS Acquires PetroChem Wire
The PetroChem Wire consulting firm has been acquired by Oil Price Information Service, a unit of global consulting firm IHS Markit. The deal closed on Aug. 3.
PCW was founded in 2007 by Kathy Hall, who now serves as its executive editor. PCW produces five daily reports, four weekly reports and several monthly reports available by email and on several data platforms. Prior to starting PCW, Hall spent more than 10 years as a commodity markets reporter, editor and manager at Platts.
OPIS tracks current and historical pricing for oil products across the entire fuel supply chain. The Rockville, Md.-based firm and long-time SIPA member was founded in 1977 and acquired by IHS Markit in 2016.
Inc. Names Industry Dive One of the Fastest-Growing Private Companies in America
Inc. magazine released its 37th annual Inc. 5000 list, a prestigious ranking of the fastest-growing private companies in the U.S. Reflecting strong growth from the last three years, Industry Dive is ranked number 1000. Their three-year growth of 493% placed it well above some stellar companies, and it also ranked 22 among the Top Media companies.
"Industry Dive's continued growth and success is a testament to the strong team we have built. These results are just the beginning as we continue to launch new products and enter new markets," said Industry Dive CEO Sean Griffey.
"If your company is on the Inc. 5000, it's unparalleled recognition of your years of hard work and sacrifice," says Inc. editor in chief James Ledbetter. "The lines of business may come and go, or come and stay. What doesn't change is the way entrepreneurs create and accelerate the forces that shape our lives."