Hamilton Robinson LLC Invests in All Island Media, Inc.
Bohemia, New York - September 17, 2003 - Hamilton Robinson LLC , associated investors, and management announced that they recently acquired the assets of SG New York LLC through a new company named All Island Media, Inc.
All Island Media is Long Island's leading independent publisher of free weekly shopping newspapers and related niche publications. The company's flagship titles, Pennysaver News (founded in 1958) and Carrier News deliver local advertising via US mail to over 726,000 homes and businesses representing 2.2 million readers. All Island Media also creates, publishes, and distributes other advertising media including specialty direct-mail products and custom insert programs. Long Island is considered one of the strongest markets for shopping publications in the United States.
"This acquisition is a great opportunity for all of us at the company and provides additional resources as we continue to serve our broad base of customers," stated Richard Megenedy, Sr., President of All Island Media, Inc. "We are particularly excited about working with our co-investors and customers to expand the scope of our business."
All Island Media's Executive Vice President, Bob Sussi, noted, "With this added support, we are moving forward with plans to cover all of Long Island with a weekly mailed circulation of approximately 1 million Nassau and Suffolk homes and businesses."
Scott Oakford, Partner of Hamilton Robinson LLC, investment manager of Cygnet, added, "We have teamed up with a talented, highly experienced management team to acquire this attractive publishing business. The company has a long tradition of success in addressing the needs of the Long Island marketplace and we are pleased to provide the resources to support its continued growth."
Relevant Web Site:
All Island Media, Inc.