Austin, Texas (PRWEB) July 8, 2005
Phenix & Phenix Literary Publicists, Inc., a top media relations firm specializing in literary publicity for authors, announced today that it has been acquired in a management-led buyout. The buyer, BookPros, LLC, will assume operations of P&P under the BookPros branding identity.
Leann Phenix, founder, owner and chairman of Phenix & Phenix Literary Publicists said, ÂThe entire Phenix & Phenix team have done an excellent job in building the company into a media relations powerhouse. With 11 best selling authors in 11 years, P&P has continued to be the publicity firm of choice for authors and publishers. I have confidence that the company will continue to grow under the new ownership structure and I look forward to the next chapter in my life, which is working in animal rescue."
BookPros company spokesperson, Amanda Sammons said, ÂWe are very excited about the future growth prospects for BookPros and we are delighted that Leann chose to sell the firm to us. Even though we have a new name, our clients can expect to receive the same great service to which they have become accustomed."
Corporate Investment acted as advisor to Leann Phenix in the transaction. Lawrence W. Schumann, Managing Director of Corporate Investment, states, "We were honored to have been selected by Leann Phenix to assist her in this sale. We enjoyed working with Leann, the management team at BookPros and their respective legal counsel, Neal Nichols, Saunders, Norval, Nichols & Atkins, L.L.P. and Christopher Benjamin, McLeroy, Alberts & Benjamin, P.C."
About BookPros and Phenix & Phenix Literary Publicists
Founded in 1994 as Phenix & Phenix Literary Publicists, BookPros steadily began building a reputation as one of the most well respected media relations firms in the United States and around the world. As the publishing industry began to evolve and the art of digital printing began opening new markets and opportunities for authors, P&P evolved into BookPros: a company offering the most comprehensive set of integrated publishing and publicity services available anywhere.
BookPros offers organization, guidance and the industry experience necessary to provide authors with each and every service needed to present their book to the world. This unique business model, solidified by the purchase of P&P, offers authors the advantages of traditional publishing, as well as a wide range of publicity and distribution options. As the leading single-source solution for authors, BookPros has a bright future ahead in one of the fastest growth markets in the past decade.
About Corporate Investment
Corporate Investment is a financial advisory firm specializing in business sales, mergers and acquisitions. Founded in 1984 in Austin, Texas, Corporate Investment works primarily with the owners of middle-market businesses in a variety of industries, and their potential acquisition or merger partners.
Phenix & Phenix