HousingWire Announces Acquisition by Riomar Capital
May 4, 2016
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IRVING, TEXAS – May 4, 2016 – HousingWire, the nation’s leading source of news and information covering the U.S. residential housing finance marketplace, announced today that Charlotte-based Riomar Capital acquired the media platform as part of a recapitalization of the company. This investment affirms Riomar Capital’s support for the HousingWire vision and reinforces commitment to the company’s continued growth.
Riomar Capital brings significant expertise in the digital space as well as finance and mortgage banking, and will look to grow the company’s media, audience, data and analytics footprints across the mortgage industry and related B2B markets.
With the successful completion of the transaction, HousingWire also expanded its management team, naming Clayton Collins to Chief Executive Officer. Collins previously worked in the Mergers and Acquisitions Group at RBC Capital Markets, and also served as Vice President of National Sales and Marketing at Citibank.
HousingWire founder Paul Jackson will remain with the company as a Senior Advisor. Co-founder and company President Richard Bitner will also remain with the company in his current leadership role.
We chose Riomar Capital and their team of experts for their tremendous vision in digital media; their experience in the mortgage and finance sectors; and their commitment to fostering audience-first innovation that can continue to move U.S. mortgage markets forward,” said Jackson.
“Over the past 8 years we’ve built the mortgage industry’s leading media platform, and we know that now is the time to grow our unique business model and the markets we serve,” said Bitner. “We know that Collins and his team possess the unique vision to understand where HousingWire is today, and where the business needs to go in the years to come.”
HousingWire currently hosts more than 3 million professional readers each year across its web, email and print-based channels. The company grew from humble origins to become the industry’s largest publisher of sponsored content via unique options that integrate branded messaging directly across print and digital channels. In late 2014 and early 2015, HousingWire established the industry’s first programmatic advertising solution allowing advertisers to reach specific professional target audiences at scale across the internet, called HW APEX™.
“The people at HousingWire built a next-generation media company, led by digital marketing solutions that aren’t just unique to the mortgage sector – but are unique to many B2B markets in general,” said Clayton Collins, HousingWire CEO. “I’m looking forward to working with HousingWire’s existing and future advertisers, while also focusing on the needs of financial market participants to access meaningful data, news, and market information that drive informed business decisions. Our best years lay ahead.”
HousingWire is the nation’s leading source of news and information for U.S. mortgage and housing markets. Winner of numerous awards, including a FOLIO™ Eddie Award for national editorial excellence in B2B Banking/Business/Finance, HousingWire is also recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at www.housingwire.com.
About Riomar Capital
Riomar Capital is an entrepreneurial investment firm formed to acquire, operate and grow one established private business in the media, finance and business services industries. Founded in 2014 by Clayton Collins, Riomar Capital is backed by an experienced group of entrepreneurs and investors. Learn more at www.riomarcapital.com.