By: Press Release | Tennessee Valley Printing
Want Ads of Huntsville, Inc., owners of the weekly American Classifieds and monthly Farm & Ranch publications circulated in North Alabama, southern Tennessee and northeast Mississippi, announced last week that it has sold its assets, including the print products and distribution services, to Tennessee Valley Printing Co., Inc. (TVP) of Decatur, GA. The sale closed Oct. 5. Terms of the deal were not disclosed.
The North Alabama American Classifieds franchise distributes more than 31,000 copies throughout the region and has three zoned print editions in the Huntsville/Decatur area, Shoals/Northeast Mississippi and in Northeast Alabama near Scottsboro/Guntersville. American Classifieds is a registered trademark of Senten, Inc., franchisor for American Classifieds publications. TVP will continue to utilize the American Classifieds name.
Mark Laskowski, of W. B Grimes & Company, a leading national media merger and acquisition company, represented Wants Ads of Huntsville in the sale.
“This is a great addition to our portfolio of products,” said Clint Shelton, president of TVP. “Ed (McNamara) and Eloisa (Chacon) have been great operators and have built a valuable franchise in this market. We want to continue and expand on what they’ve created.”
Want Ads of Huntsville is owned by Bob Christiansen, Ed McNamara and Eloisa Chacon. “We’ve had 12 great years operating American Classifieds and Farm & Ranch in Huntsville and want to thank our advertisers for their support and our employees for their exemplary service,” said Ed McNamara, president of Want Ads of Huntsville. “TVP is an outstanding regional media company and we are confident our employees and our publications are in great hands.”
There are clear synergies with American Classifieds and TVP in print and online. TVP operates online websites including TNValleyWheels.com for used and new cars; TNValleyHomeFinder.com for real estate and houses for sale; TNValleyStuff.com, a classifieds and merchandise site; and TNValleyJobFinder.com, a recruitment jobs site in partnership with Monster.com.
Shelton said TVP will also acquire the assets of Pink Elephant LLC, a distribution company for free print products in the Huntsville area, owned by Ed McNamara.
About Tennessee Valley Printing (TVP)
TVP is a privately-held media and information company in North Alabama with more than 205,000 weekly distribution. Other properties include: PRINT: The Decatur Daily, Times Daily in the Shoals, Courier Journal, Moulton Advertiser, Madison Weekly News, Hartselle Courier Journal, Decatur Shopping Bag, TNValleyWheels.com print edition; and operator of the Redstone Rocket under contract with the U.S. Army for Redstone Arsenal. ONLINE: TNValleyDeals.com, TNValleyNow.com, TNValleyBrides.com; TNValleySearch.com and six companion sites for its print publications. OUTDOOR: TN Valley Media Outdoor, a 79-face billboard company in North Alabama.