Diversified Business Communications Makes Two Acquisitions
Portland-Maine-based Diversified Business Communications made two acquisitions - the Institute of Finance and Management (IOFM) from Greenhaven Partners, a U.S. private equity firm, and U.K.-based Intelligent Exhibitions Limited from Owner and Operator Versha Carter, a producer of international exhibitions and conferences.
Both buys will expand not only Diversified’s print, eMedia and marketing services product lines, but also events portfolio.
“These are strategic acquisitions that expand our reach into the business service, ocean technology and 3D data capture and imaging technology businesses,” said Nancy Hasselback, CEO and president of Diversified Communications, who recently announced her impending retirement.
IOFM focuses on information and tools in corporate financial management, accounts payable, credit, receivables & collections and corporate recruiting and security.
It produces the largest accounts payable events in the U.S., The Accounts Payable Conference & Expo, and publishes industry resources, such as the Controller's Report, Managing Accounts Payable and RecruitingTrends.
IOFM will continue to be led by its executive director, RD Whitney, and Diversified will operate these products from its division located in Portland.
“I am absolutely thrilled to be joining Diversified, and the IOFM platform and team we are bringing has tremendous potential for growth,” Whitney said. “It is going to be a very bright future!”
Intelligent Exhibitions’ portfolio includes Ocean Business, biennial events held in the U.K. with a focus on ocean technology, and two events serving the light detection and ranging (LiDAR) industry - the International LiDAR Mapping Forum and the European LiDAR Mapping Forum.
Diversified will add the LIDAR events to its 3D data capture and imaging technology group based in the U.S., which includes the SPAR Point Group products.
Versha Carter, the founder of Intelligent Exhibitions, and her team will continue to operate the ocean technology products from the Diversified’s U.K. division and will focus on launching additional events, according to Diversified officials.