American City Business Journals buys majority stake of business-data provider
CHARLOTTE — American City Business Journals, parent company of the South Florida Business Journal, has acquired majority ownership of BizEquity, the leading provider of cloud-based business valuation tools and private business data.
As part of the transaction, ACBJ, the nation’s largest publisher of local business information, will make a significant capital investment in BizEquity to accelerate its growth.
BizEquity’s patented software-as-a-service platform helps business owners value their businesses in real time. More than 625 financial institutions and 2,500 wealth advisers use BizEquity to prospect for clients and engage with business owners to help them understand critical business valuation information.