Local Biz Now

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Local Biz Now - overview

Established

2006

Location

Auburn Hills, MI, US

Primary Industry

Internet

About

Local Biz Now provides tailored digital marketing solutions for organizations with multiple locations, concentrating on automotive services and healthcare sectors to enhance local search visibility and drive customer engagement. Local Biz Now is a company focused on delivering local digital marketing solutions. Founded in 2006 and headquartered in Auburn Hills, US, the company underwent an acquisition by Ansira Partners in September 2017, though the financial terms were not disclosed. The founder's detailed history is not publicly available.


They have completed a total of 1 deal to date. LBN specializes in local digital marketing solutions tailored for organizations with multiple locations, notably in the automotive and healthcare sectors. Their core offerings include a comprehensive digital platform that enhances local search visibility, drives patient engagement with urgent care locations, and increases foot traffic to dealerships. LBN connects brands to their target audiences through services that optimize online engagements, enabling brands to improve local presence and achieve measurable ROI.


The company serves a diverse client base, including 11 automotive service brands, over 5,500 dealerships, and numerous healthcare providers focused on connecting patients with medical offices and services in the US. LBN generates revenue through a subscription-based model offering clients access to their all-in-one digital marketing platform. Clients typically engage in annual contracts involving various service tiers tailored to their specific marketing needs and budgets. Revenue primarily comes from automotive and healthcare sector clients, who pay for comprehensive marketing solutions that may include analytics, local engagement tools, and customer interaction systems, fostering ongoing client relationships aimed at maximizing marketing effectiveness.


Following the acquisition by Ansira Partners in September 2017, Local Biz Now is poised to leverage its resources for growth. The company plans to launch new products designed to enhance their digital marketing offerings, although specific release dates are not disclosed. Additionally, they aim to expand into new geographic markets, particularly targeting regions with high concentrations of automotive dealerships and healthcare services. Recent funding will support these initiatives, enhancing their capabilities to meet the demands of new and existing clients.


Current Investors

Ansira Partners, Inc.

Primary Industry

Internet

Sub Industries

Search Engines

Website

www.localbiznow.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Local Biz Now - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedLocal Biz Now-

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