RegencyExpo| International Exhibitions agency
One of the largest trade show companies in the U.S., Emerald Expositions, is exploring a possible sale that would value the company at $2 billion, according to a Jan. 25 news report from Reuters citing unnamed sources.
Private equity firm Onex, which owns Emerald, has brought on Bank of America to manage the sale process of Emerald, the sources said.
David Loechner, president and CEO of Emerald Expositions, declined to comment.
In a mere eight years, U.K.-based Informa PLC’s Global Exhibitions division has grown from a $100 million company in annual revenues with its business primarily focused in the Dubai region to now a $600 million company in annual revenues, as estimated by Deustche bank for 2017, and shows being held in countries all around the globe.
Approximately half of Informa’s core business is in the United States, after a series of high-profile, strategic acquisitions, including the Hanley Wood Exhibitions portfolio, the FIME medical trade show based in Florida and the Penton portfolio of shows that includes Natural Products Expos East and West.
As the trade show industry keeps on growing, shows and suppliers continue to find new ways of working together.
CNTV (Convention News Television) recently signed a trio of contracts, two of which expand on existing business and the third picking up a new client.
As an expansion of a threeyear deal to produce onsite, sameday video updates at the Automotive Aftermarket Products Expo (AAPEX),
Make: and Reed Exhibitions are partnering up to launch Maker Faire Chicago 2017. Set for April 22-23 at McCormick Place, the two-day, family-friendly event will be collocated with the Chicago Comic and Entertainment Expo (C2E2).
Co-founded in 2006 by Maker Media, Maker Faire festivals gather together tech enthusiasts, crafters, educators, tinkerers, hobbyists, engineers, science clubs, authors, artists, students, and commercial exhibitors to celebrate innovation, creativity and hands-on collaboration across the spectrum of science, engineering, art, performance and craft.
The year continued to start off strong with several show organizer and supplier companies making new hires and promotions.
Atlanta-based meeting management, convention housing and travel services leader Connections Housing kicks off its 30th year by naming Mark Sussman, vice president of Business Development.
As part of a continued growth strategy focused on further strengthening and enhancing In this newly created position, Sussman will focus on developing and growing the Connections client portfolio through his vast knowledge, tenure and connections in the industry.
A 35-year veteran of the hospitality industry, Sussman began his career with the Marriott Corporation in 1982 and held various sales, convention services and marketing positions at properties throughout the country.