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Bobit Business Media Sold to Gemspring Capital

Bobit Business Media will remain headquartered in Torrance, California.

Bobit Business Media has been acquired by Gemspring Capital, a middle-market private equity firm. Bobit, which bought HDT in 2012, was founded by Ed Bobit in 1961 with Automotive Fleet and today is a successful business-to-business media company in the fleet, transportation, beauty, and law enforcement industries.

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