BG Capital Group Acquires 50 Percent of Equestrian Magazine Group
PLANTATION, Fla., May 9, 2014 /PRNewswire/ -- BG Capital Group has acquired 50-percent of one of the equestrian industry's emerging magazine companies, announced Board Chairman Bobby Genovese.
Central Florida-based Horse and Pet, Inc, publishes Horse N Pet Journal and Horse N Pet Kids Journal, which is distributed throughout the nation's top equestrian markets: California, Florida, Missouri and Kentucky, among several other key emerging markets.
The partnership signals BG Capital Group's increased investment in the equestrian sector, which began in 2011 when Genovese developed and launched BG Signature Properties, a portfolio of 12 exclusive luxury retreats in the US, Canada, Europe, South America and Bahamas, including its flagship BG Equestrian Resort in Ocala, Florida — a 100-acre, year-round luxury equestrian retreat featuring world-class stables and lodging for traveling horse enthusiasts.
The acquisition follows BG Capital Group's 2013 purchase of a 50-percent stake in WhatsUp Media — a central Florida based magazine and production company that hosts and promotes concerts and special events in Ocala and Marion County, FL.
Through the support of What's Up Media Group, Horse N Pet, Inc will introduce a video component to its media distribution network through a weekly equine-based news show. "The partnership with Horse N Pet, Inc provides an opportunity to distribute regular video content to a growing print magazine. We are excited to bring central Florida's Equine news to the rest of the country," says Genovese.
In 2013, Genovese created Silver Springs Management to manage Silver Springs State Park in a three-year deal with the Florida Department of Environmental Protection (DEP) to assume concessionaire management of the park, which reopened last October.
"I saw an incredible opportunity to reunite the Ocala-Marion County community to what made Silver Springs famous: its water," says Genovese. "Our goal is to rebuild the park's experience to attract adventure based, which includes plans for an ongoing concert series, revitalization of the glass bottom boat tours, kayak and canoe rentals, and an upscale restaurant."
About BG Capital Group
With more than 25 years of experience in mergers and acquisition, Bobby Genovese's portfolio of companies now hold assets of over $200 million and generate revenues in excess of $150 million. BG Capital Group Limited and BG Capital Management Corporation are both based in Barbados with associate management offices in the Bahamas, Fort Lauderdale and Boca Raton, Florida, Los Angeles, Toronto and Vancouver. In 2012 Genovese developed and launched BG Signature Properties, a portfolio of 12 exclusive luxury retreats in the US, Canada, Europe, South America and Bahamas, including its flagship property, BG Equestrian Resort in Ocala, Florida, a 100-acre, year-round luxury equestrian retreat featuring world-class stables and lodging for traveling horse enthusiasts.
SOURCE BG Capital Group