– Acquisition Adds New Manufacturing End-Market to the Emerald Portfolio –
SAN JUAN CAPISTRANO, Calif. – November 12, 2015 – Emerald Expositions, LLC (“Emerald”), a leading business-to-business trade show and conference producer, today announced its acquisition of the National Industrial Fastener & Mill Supply Expo (“Fastener Expo”) from Jim Bannister and Mike McGuire, the show’s co-owners. From the first Fastener Expo thirty-five years ago, this event has brought together manufacturers and distributors of industrial fasteners, precision formed parts, fastener machinery & tooling, and other related products and services with distributors and sales agents in the distribution chain. The 2015 event took place recently at the Sands Expo & Convention Center, Las Vegas and featured an all-day conference program presented by endorsing fastener associations, a show floor with more than 600 exhibiting companies from 20 countries, and buyers from 38 nations around the world.
“Fastener Expo is an attractive entry point for us into the industrials sector and broadens our end market exposure and opportunities,” said David Loechner, Chief Executive Officer of Emerald Expositions. “Fastener Expo aligns perfectly with the criteria we look for in acquiring new events – strong underlying market fundamentals, a “must-attend” event with a clear leadership position, experienced and high quality management, and an event that will benefit from the management and infrastructure of the Emerald organization.”
“Our recent show was the largest and strongest event ever, with over 100 new exhibiting companies,” noted Mike McGuire. “Emerald’s scale and expertise should help take this show to even greater heights for both exhibitors and attendees.”
To ensure a seamless transition, Jim Bannister, who has operated the show since its inception, will provide consulting services to Emerald and will support Susan Hurley, who will continue to manage the event from her central Ohio office, now as Show Director for Emerald.
“I’m delighted that the National Industrial Fastener & Mill Supply Expo will continue to grow and thrive under the stewardship of Emerald Expositions,” said Jim. “To see how far this show has evolved over the past three decades has been amazing, and based on recent attendance trends, the future of the event is very bright.”
Corporate Solutions of Westport, Connecticut was the exclusive advisor to the sellers in arranging, structuring and negotiating this transaction. The financial terms of the transaction were not disclosed.
About Emerald Expositions
Emerald Expositions is a leading operator of large business-to-business tradeshows in the United States, producing more than 80 tradeshows and conference events per year, connecting hundreds of thousands of buyers and sellers across ten diversified end-markets, including Gift, Home and General Merchandise; Sports & Apparel; Design; Jewelry, Luxury, and Antiques; e-commerce; Creative Services; Healthcare; Military; Licensing; and Food. Emerald is headquartered in San Juan Capistrano, CA. The company’s shows are typically the most prominent and important for exhibitors and attendees within their various industries.
For more information on Emerald, please visit www.emeraldexpositions.com
For further information:
Philip Evans, Chief Financial Officer