Pennysaver Group Inc., a direct mail shopper publisher that targets the Baltimore and Washington, DC area, was purchased by SV Investment Partners.
While neither the buyer nor the seller disclosed any transaction terms, the Baltimore Business Journal pegged the purchase price at more than $50 million. The seller, equity firm CEA Capital Partners USA L.P., acquired Pennysaver for $38 million in 1999.
Harry J. Buckel, who had previously run Harte-Hank
Network
