Rua Associates, Grand Rapids premier mergers and acquisitions firm, is pleased to announce the successful sale of Construction News Service (“CNS”) to Florida-based construction information provider, Construction Data. The acquisition will expand Construction Data’s regional coverage to thirty-two states, expand the breadth of information to the construction community and add additional resources to expand its informational service to its strong subscriber base.
Located in Wyoming, Michigan, CNS has been in business over 12 years, employs over 12 people and has a long tradition of serving its customers in Michigan and Indiana. “After searching the country for the right fit for both our employees and customers, we found Construction Data was the perfect home to continue the healthy rapport with CNS employees, as well as, the resources to maintain and grow the customer base. We could not be happier knowing that CNS will continue to prosper for years to come,” said Heather Monroe, President of CNS.
Construction Data, founded over 30 years ago, serves the commercial construction industry with regionally focused commercial construction projects. “The acquisition of CNS expands our coverage area, brings us new products, new people and leverages our business for other similar expansion opportunities. We continue to expand with new market launches and great add-on acquisitions such as CNS,” said Bill Black, President of Construction Data.
About Construction Data:
Construction Data (www.cdcnews.com) is a leading provider of regionally focused information to the commercial construction industry. Founded in 1977, CDC has expanded to thirty-two states by providing comprehensive commercial construction project information and construction leads to its subscribers in web based formats. Construction Data is based in Vero Beach, Florida with over 300 employees and offices in Pennsylvania, North Carolina, Florida, Texas, Alabama and Illinois.
CNS is a provider of regionally focused information to the commercial construction industry in Michigan and Indiana. Founded in 1998 by Lloyd Monroe, CNS has expanded in Michigan and Indiana by providing its subscribers with a wide range of commercial construction project information on-line and via email. CNS is based in Wyoming, Michigan with over 12 employees.
Rua Associates, LLC, a West Michigan mergers & acquisitions firm, was the exclusive representative of the seller. For more information about Rua Associates and current opportunities, please visit www.ruaassociates.com.