Avista Capital Partners, a leading private equity firm, has acquired the assets of Phillips Investment Resources, LLC (“PIR”), a provider of subscription-based investment advice, from Phillips International, Inc.

Founded in 1974, Rockville, MD-based PIR provides independent investment advice on a paid subscription basis. The Company delivers its content primarily through electronic media channels, as well as through print newsletters. PIR offers 23 subscription-based advisory services from 16 expert advisors, covering a broad range of topics and investment styles to approximately 220,000 subscribers.

The Jordan, Edmiston Group represented Phillips International in this transaction and acted as its exclusive financial advisor. For more information, click here.