Black Book announced it has completed its transaction to acquire William Ward Publishing, which distributes Canadian Black Book vehicle values.
“Adding William Ward Publishing to our group furthers our ability to deliver essential vehicle pricing data and innovative delivery systems to our customers throughout North America,” said Richard P. Malloch, president of Hearst Business Media, the group that includes Black Book.
Kathy Ward, daughter of William Ward Publishing founder Bill Ward, will continue to serve as executive chairman of the company. Brad Rome, vice-president of sales and marketing, has been named president.
“Black Book is the perfect home for us and a natural fit,” said Ward, in a press release. “Today marks an exciting new era for our company and our customers — we are delighted to join forces with a true leader in the auto industry.”
All data collection and publishing will continue to be based on Canadian market transactional information gathered from multiple sources from across Canada.
Terms of the deal were not disclosed.
