PHILADELPHIA, August 15, 2019: Morgan Lewis represented BizEquity in the sale of majority ownership to American City Business Journals (ACBJ).
As part of the transaction, ACBJ, the nation's largest publisher of local business information, will make a significant capital investment in BizEquity to accelerate its growth. BizEquity, founded and headquartered in Philadelphia, is a leading provider of cloud-based business valuation tools and private business data.
ACBJ is a business unit of Advance Publications, a private, family-owned business with a diversified portfolio of operating companies and investments spanning media, communications, technology, education and other growth sectors.
Partner Andrew Budreika and associate Ben Stango led the Morgan Lewis deal team.