Press Release: Detroit-Based Rockbridge Growth Equity, Partners With Management To Acquire Robb Report - America's Definitive International Authority On Luxury Products And Services
DETROIT, Dec. 3, 2014 /PRNewswire/ -- Detroit-based private equity firm Rockbridge Growth Equity today announced it has acquired Robb Report, the worldwide definitive authority on luxury lifestyle which connects the most discerning global audiences to the most respected luxury marketers through magazines, websites, apps, events and a private club.
"Robb Report is an exciting consumer-based, well-branded company with an experienced and strong management team. We believe Rockbridge and its Family of Companies' operational expertise and infrastructure, particularly in the areas of marketing and technology, will help leverage the opportunity for Robb Report to grow at an accelerated pace," said Managing Partner of Rockbridge, Brian Hermelin. "It is always thrilling to provide the needed capital and support to a motivated and smart leadership team who sit at the center of an internationally growing space that is primed for innovation and creativity. We are more than pleased to be partnering withBill Curtis and his management group to acquire this company and build it in the years ahead."
For close to 40 years, the Robb Report brand has been the ultimate source of inspiration and information about luxury products and services worldwide. With a focus on quality, craftsmanship and connoisseurship, Robb Report curates the best-of-the-best in all categories of luxury in 14 international markets and 9 languages.
"The insight and creativity of the Rockbridge team, combined with expertise from its affiliated companies, will facilitate rapid growth at Robb Report allowing us to build upon our digital and international momentum," said Bill Curtis, Robb Report CEO. "The partnership with Rockbridge will allow us to expand our digital and international strategy and reach more of our unique audience and better connect them with our advertisers."
Plans are underway for Robb Report to open a new downtown Detroit office to support its expanding technology, digital media and sales initiatives. Rockbridge has been one of the primary players engaged in building the new burgeoning technology district in the urban core of the Motor City. In the past four years alone, over 120 technology and new economy companies along with over 12,000 plus full-time employees have located along or near the high-tech corridor in Detroit.