Affiliates of Stellus Capital Management provided senior debt financing to support the acquisition of NewsCred’s content marketing studio by Industry Dive, a portfolio company of Falfurrias Capital Partners.
Industry Dive is a business journalism company with 22 publications. Industry Dive has been placed in the top half of the Deloitte Technology Fast 500 and has been ranked among the fastest-growing media companies on the Inc. 5000 list. The company also has been recognized four years in a row as a top workplace by the Washington Post.
“We appreciated Stellus’ ability to work quickly and efficiently in support of a successful and timely transaction in the middle of a pandemic,” Geordie Pierson, principal with Falfurrias Capital Partners, said, “We look forward to continuing our partnership with the Stellus team and executing the growth strategy of the combined company.”
“We are excited to partner with Falfurrias and the Industry Dive management team. We believe Industry Dive is a strong platform that is well positioned for continued growth in the enterprise content marketing space given its exceptional content creation capabilities, a valuable audience, and an experienced management team and financial sponsor,” Gavin Roseman, managing director at Stellus, said. “We appreciate the opportunity to support Falfurrias’ and Industry Dive’s continued success.”
