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JFT Properties LLC Acquires First Vision Media Group

 

WESTLAKE, Ohio — JFT Properties LLC, parent company of HVACR Business magazine, has signed a definitive agreement to acquire First Vision Media Group (FVMG), a leading health care communications company based in Northern New Jersey.

As part of the transaction, FVMG President and CEO Frank Giammanco will be stepping down from his position to establish an independent consultancy practice within the optical field. Executive Vice President Shawn Mery will continue his existing role in the new organization. 

“We are excited to partner with FVMG as we continue to capitalize on strategic growth opportunities and significantly expand our business,” said Terry Tanker, owner and managing member of JFT Properties. “FVMG has a well-earned reputation for providing product intelligence and continuing education information for the professionals, manufacturers and distributors that serve the vision care community.”

FVMG publishes print and digital magazines, supplements and custom print products for the vision care market, including Vision Care Product News (VCPN), Optical Lab Products (OLP) and Optometric Office (OO), as well as a suite of digital products such as websites, email newsletters and web-based education.

“As we evaluated our options for growing the company, it became clear that JFT Properties was an ideal partner for us to assist in the next stage of expansion,” Mery said. “JFT Properties brings tremendous expertise in the B2B publishing space, especially with regards to business management content for readers looking to grow and improve professionally.”

FVMG will continue operations from its Maywood, N.J. offices while JFT Properties LLC will remain in Westlake, Ohio.

jftproperties.com