Texas Magazines represents city and lifestyle magazines that appeal to young, affluent readers living in healthy, fast-growing southern markets. Publications include Austin Monthly and San Antonio Magazine which target attractive household income demographics with readership interested in local luxury services and products. The owner of these publications desired liquidity to achieve a variety of strategic objectives and engaged Promontory to execute an ownership transition. A growth-orientated private equity firm agreed to a transaction that helped satisfy the owner’s liquidity goals.
By Christopher Riegg
Christopher Riegg, CFA, CPA is the Founding Partner of Promontory Strategy Group (PSG), providing strategic and financial advisory support to privately held and family-owned businesses. He also co-leads Promontory Point Capital (PPC), the investment banking firm he co-founded in 2004, and is the creator of RieggInsights.com, a platform focused on strategic growth, value creation, and successful transaction outcomes.
