F+W has sold a majority stake in the company — which just rebranded itself as “a digital-first content and service provider for devoted enthusiasts” — to New York-based private investment firm Tinicum and affiliated funds. F+W ceo David Nussbaum says in the announcement, “This investment will enable us to continue to rapidly grow our ecommerce revenues by building on our platforms and creating best-in-class content and ecommerce solutions. Our singular focus on our communities and creating an unrivaled experience for our consumers will not change.” Nussbaum told employees in a written message that “having the backing of one of the top private equity […]
