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Pennysaver company sold

Pennysaver Inc. of Hanover, publisher of the Maryland Pennysaver, has been sold by an affiliate of Blackstreet Capital Partners of Chevy Chase to All Island Media Inc., a shopper publication group that distributes 850,000 specialty publications, including Pennysaver, in Nassau and Suffolk counties in New York.

Financial terms of the transaction were not disclosed.

The Maryland Pennysaver is a weekly shopper publication delivered to more than 830,000 homes and businesses in the suburban Baltimore and eastern Maryland markets.

Blackstreet Capital is a private equity firm with approximately $200 million of capital under management.

One comment

  1. Joseph McLaughlin

    Interesting- So Harry Buckel is back- I see he is a consultant working with All Island.