Penton Media Buys Farm Progress for $79.9 Million

Nov 26, 2012

Farm Progress Sold, Boosting Penton’s Image

Farm Progress was sold for $79.9 million to Penton, a private U.S. company which is owned by MidOcean Partners and U.S. Equity Partners II, an investment fund that’s sponsored by Wasserstein & Co., LP.

The acquisition purchase is from Australian company Fairfax Media. The deal was the result of Penton approaching Fairfax Media to purchase Farm Progress, seeing it as an attractive fit for the company’s overall vision and as a strategic asset.

"We've always had tremendous respect and admiration for Farm Progress and its products. We also have a clear, strategic commitment to grow our agricultural information business, and Farm Progress perfectly supports that goal," Penton CEO David Kieselstein said.

Farm Progress will remain at its headquarters in St. Charles, IL. The four Farm Progress events attracts more than 200,000 visitors annually from across the nation and internationally.

Farm Products and Services

Events: Farm Progress Show Husker Harvest Days Farm Progress Hay Expo NY Farm Show

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Broadcasting: Farm Progress America

Video: Sorting Ewes & Rams | Breeding Time On The Farm!

In this episode, we’re sorting ewes into their breeding groups and introducing them to unrelated rams. Moving rams between barns always comes with challenges, but once the boys meet their ewes, everyone was eager to settle in!

We also welcome back a returning customer who purchased a Suffolk ram from us last year. This season, she chose a Dorset cross ram, now named Benny, to strengthen her flock’s genetics. It’s always rewarding to see repeat customers who value the quality of our breeding stock.

Arnie then tours the crop fields as harvest season approaches. Despite drought conditions this summer, the crops are looking surprisingly good. We close the day with evening feedings and one last look at the rams with their new breeding groups.

?? Join us daily for life on a working sheep farm, from flock management and breeding strategies to crops, chores, and the everyday rhythm of farm life.