Hadley Capital Acquires Austin Monthly and add-on for I-deal OpticsBy Paul Wormley
The news is out on a couple of Hadley Capital's latest acquisitions. We acquired a Texas-based city magazine group and one of our portfolio companies, i-deal Optics, completed the add-on of a small distributor of budget eyewear based in Missouri.
The acquisition of Austin Monthly, Austin Monthly Home and San Antonio Magazine could be called a contrarian investment given the state of print media. We think providing relevant, timely, proprietary content to an engaged consumer is an attractive business model & whether in print or online. Advertisers are also looking for effective channels to reach consumers with high disposable incomes. When was the last time you saw an online ad for a Maserati?
That's not to say that we aren't looking at a number of opportunities to extend these strong local brands into the digital domain. Stay tuned...
P.S. Hadley Capital is actively on the hunt for more acquisitions. We are particularly interested in more city/regional magazine titles. Our bread and butter is working with small business owners considering a sale of their small business or family business and divestitures out of larger companies.
Paul Wormley - General Partner
Paul joined Hadley Capital in 2005. He has spent his entire career working with small and emerging companies. Paul grew up in a family business environment and is an owner of his family’s community newspaper business. Paul works with GT Golf Supplies, Pneu-Con, Open Sky Media and Centare. He was the chairman of the board of directors for i-deal Optics, a previous Hadley Capital company.
Paul is an outdoor enthusiast who enjoys fishing, hunting, riding motorbikes, Crossfit and an occasional craft beer. He works closely with a number of non-profit organizations including One Acre Fund and Trout & Salmon Foundation, and serves as chairman of the Finance Committee at his church.
Paul is a graduate of the University of Colorado at Boulder and received an MBA from the Kellogg School of Management at Northwestern University. He and his wife, Rosemary, have three children.