EnsembleIQ Acquires Media Brands From Lebhar-Friedman

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Chicago, Illinois – June 28, 2018 – EnsembleIQ announced today that it has purchased substantially all of the media, digital and event assets from New York City-based Lebhar-Friedman. Launched in 1925, the third-generation family business produced several leading retail brands including DRUG STORE NEWS, CHAIN STORE AGE and HARDWARE AND BUILDING SUPPLY DEALER. The transaction also includes Chain Store Age’s SPECS and X/SPECS, two strategic events focused on physical retail that bring together the nation’s top retailers and suppliers to learn, share ideas, develop business partnerships and solve problems. The Lebhar-Friedman brands will operate under the EnsembleIQ umbrella, and will continue to be led by Senior Vice President John Kenlon and his management team including Gary Esposito, Eric Savitch and Seth Mendelson. President and CEO, Randall Friedman will serve in an advisory role during the transition, and Chairman Roger Friedman will devote his time to new ventures. “We’re thrilled to have these iconic brands and talented employees join the EnsembleIQ family,” said David Shanker, CEO of EnsembleIQ. “Adding chain drug, hardware and store operations reach and expertise provides our collective subscribers and customers with a comprehensive view of retail insights and information throughout the United States and Canada.” “The company that my grandfather Arnold founded and my father Roger ran for many years has always been focused on the retail industry,” said Randall Friedman. “The fact that EIQ also has great brands and deep expertise in retail makes me very optimistic that the LF roots will continue to grow and bear fruit in the years to come under EIQ’s stewardship.” EnsembleIQ is a premier business intelligence resource that exists to help people and their organizations succeed. It is structured to serve the business-to-business needs of retailers, consumer goods manufacturers, technology providers, hospitality and healthcare professionals, marketing agencies and retail service providers by using its integrated network of media and information resources designed to inform, connect and provide actionable marketplace intelligence. EnsembleIQ is a portfolio company of RFE Investment Partners, a private equity investor with more than 30 years of experience investing in growth companies in partnership with strong management teams. Information on RFE can be found at https://www.rfeip.com/. Berkery Noyes served as the exclusive financial advisor to Lebhar-Friedman. For additional information, please contact: Korry Stagnito Chief Brand Officer EnsembleIQ 224-632-8171 [email protected] Randall Friedman President & CEO Lebhar-Friedman 212-756-5003 [email protected] DECADES OF RECOGNIZING GROWTH OPPORTUNITIES RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential. RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES. We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle. THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM. RFE's Managing Directors have worked together an average of 21 years and average 26 years of private equity experience. RFE Investment Partners 36 Grove St New Canaan, CT, 06840 (203) 966-2800 www.rfeip.com