Xceleration Media Group, a leading automotive aftermarket multi-channel media company, has acquired Cars & Parts from Amos Media Company. Financial terms of the purchase were not disclosed as part of the announcement made by Shawn Brereton, group publisher for Xceleration Media Group, and Amos Media Company Chairman and CEO Rick Amos.
“It is great to be adding Cars & Parts into our existing suite of automotive aftermarket offerings,” Brereton said. “Cars & Parts fits well within our area of expertise, and we are excited to introduce the viewers and subscribers of the title to our existing high-quality websites and magazines. Offering practical tech-oriented content, Cars & Parts’ focus is on helping the automotive enthusiast to build it, improve it, and drive it. We have some of the best, most experienced technical editors in the business; by adding this title, it will give them an expanded audience to showcase their talent.”
Xceleration Media’s multi-channel approach through digital, social, print, and video realms have quickly made it one of the fastest-growing media outlets in the automotive aftermarket space. Cars & Parts will instantly help grow Xceleration Media’s collective print circulation of nearly 1 million readers across its five titles.
Existing Cars & Parts subscribers and advertisers will be contacted soon with information about how the purchase will be transitioned into the Xceleration Media portfolio.
Rick Amos described the sale as a benefit for the future of the brand as well as the developing focus of Amos Media.
“In today’s highly competitive automotive magazine industry, Amos Media has decided to sell Cars & Parts to Xceleration Media Group, whose suite of automotive enthusiast titles will enable the continued evolution of the brand,” Amos said about the ownership change. “Amos Media has decided to now focus on our core brands, which offer more business opportunities. It also gives us more flexibility to further develop our digital product offerings for our dealers, retailers and hobbyists, and to broaden the delivery of trusted content in the fields of numismatics and philately.”