Highline Media, parent company to Claims Magazine, and Ohio-based Pfingsten Publishing have been acquired by private equity firm Wind Point Partners. Under the purchasing terms, the two companies will form a new publishing entity that will operate under the name of Summit Business Media.

"We are very pleased to acquire Pfingsten and Highline, which have been fast-growing, business-to-business information companies," said William Reilly, who will serve as chairman and chief executive officer of Summit Business Media. "The businesses have major brands and are leading information providers in their respective markets. The fact that both are information providers to the insurance industry, for example, is a major plus."

"Everyone at Highline is excited to join Bill Reilly, Pfingsten, and Wind Point Partners to create a world-class information company," said Andy Goodenough, president of Highline Media. "We have long respected Pfingsten's leading brands in the insurance and mortgage categories as well as their trade show program for financial investors in the precious metals markets worldwide."

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