Bobit Business Media President & CEO Ty Bobit (l) and NBM President & CEO Robert H. Wieber Jr.
National Business Media Inc., Broomfield, Colo., has acquired Hotrod & Restoration magazine, its accompanying annual trade show and website from Bobit Business Media, Torrance, Calif.
The change in ownership also includes the precisionenginetech.com technical website.
Terms of the transaction were not disclosed.
The move allows NBM—publisher of Performance Business, Restyling and RV PRO business-to-business magazines, among others—to further enhance its position in the automotive aftermarket.
“We are excited to add Hotrod & Restoration to our automotive portfolio,” said Robert H. Wieber Jr., president and CEO of NBM. “The magazine and show have a dedicated following, and we look forward to building on the established success HRR brings to our clients, exhibitors, readers and attendees.”
Ty Bobit, president and CEO of Bobit Business Media, said the sale will maintain the health and success of the magazine and show.
“Our portfolio has changed over the past few years and we have not been able to provide the internal support Hotrod & Restoration needed. National Business Media is an excellent company and has brands that fit with HRR in the automotive category. It will be a great home for HRR. I’m also pleased that the staff will be staying with the magazine and trade show.”
It was announced that Travis Weeks, publisher/producer of Hotrod & Restoration, will maintain his role with the publication and trade event.
“I am really excited about this transition and I look forward to sharing a great 2013 and beyond,” Weeks said. “What I like most is that NBM is very passionate about the markets it serves and has a huge emphasis on the automotive aftermarket.”
Hotrod & Restoration magazine and its website, www.HotrodAndRestoration.com, have offered dedicated coverage of the hot rod market for 15 years.
Also in its 15th year, the Hotrod & Restoration Trade Show is an annual business event held in Indianapolis. The 2013 show is scheduled for March 14-16.
“The Hotrod & Restoration Trade Show in March is already shaping up to be a great event,” noted Kent Bradley, publisher of Performance Business magazine. “Exhibitors and attendees can expect the same mix of exciting exhibits, beneficial seminars and industry networking that happens every year in Indy.”
National Business Media Inc. (www.nbm.com) is a producer of trade shows and business-to-business publications in the automotive aftermarket, RV, sign-making, printed apparel, and awards and engraving markets.
Bobit Business Media (www.bobitbusinessmedia.com) offers a variety of professional magazines, websites and e-media offerings in the automotive aftermarket, ground transportation, and automotive protection and beauty markets.
Now in its 10th year, Performance Business magazine and www.PerformanceBiz.com serve as the industry’s premier information source for the street performance and hardcore racing markets.
Founded in 1998, Restyling magazine (www.RestylingMag.com) serves the same role with auto, truck and SUV aftermarket professionals, while RV PRO (www.rvpro.com) dedicates coverage to the recreational vehicle market.