Newspaper article The Record (Bergen County, NJ)

Secaucus Travel Marketing Firm Bought

Newspaper article The Record (Bergen County, NJ)

Secaucus Travel Marketing Firm Bought

Article excerpt

Secaucus-based Northstar Travel Group, which owns publications like Travel Weekly and Business Travel News, has been acquired by the private equity firm Wasserstein Partners.

Financial terms of the deal, announced Tuesday evening, were not disclosed. Wasserstein, based in New York City, bought Northstar from another New York-based private equity firm, the Wicks Group of Cos.

Northstar is a marketing solutions company that serves all segments of the travel industry, including leisure/retail, corporate/ business travel, meetings and incentives, and travel technology. Its portfolio includes media brands, digital media, face-to-face events and online subscription information services.

"We are excited to welcome Wasserstein as our new partner to provide the capital and investment experience to help Northstar achieve our next phase of growth serving one of the largest and most dynamic industries in the world: global travel and tourism," said Thomas Kemp, chairman and chief executive officer of Northstar Travel Group, in a statement. …

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