F+W Media continues its expansion by acquiring Aspire Media, parent company of digital art and craft enthusiast media company Interweave, from private equity firms Frontenac Company, Catalyst Investors, Clay Hall, and several members of the Interweave management team. Terms of the deal were not disclosed, but F+W ceo David Nussbaum calls it “a transformative acquisition” that “makes us a dominant player in craft and art in books, magazines, ecommerce, and ultimately online TV and other initiatives.” The new units will make F+W 30 percent larger in revenues. Frontenac managing director Walter Florence has joined the F+W Media board of directors, while Interweave ceo […]
