Emerald Expositions Possibly Going on Sales Block (Reuters Report): Buys CEDIA Show
January 26, 2017
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.
Onex bought Nielsen Expositions, which was renamed Emerald Expositions, in June 2013 for $950 million.
Since then, Emerald rapidly expanded its portfolio with buys such as George Little Management for $335 million that included Surf Expo and the National Stationary Show, as well as other shows, in December 2013.
Just today, the company announced it acquired CEDIA trade show from the Custom Electronics Design & Installation Association.
The CEDIA trade show is an event in the home technology market, serving industry professionals that manufacture, design and integrate goods and services for the connected home.
“We have a long and successful track record of collaborating with the leading associations in the industry sectors we serve to produce “must-attend” trade shows and conferences,” Loechner said.
He added, “I am confident that the combination of Emerald’s deep experience, professional capabilities and unrivalled scale in operating trade shows, together with CEDIA’s clear vision, market affinity and pre-eminent educational content will propel the show forward for the benefit of the entire industry.”
CEDIA 2015 ranked #94 on TSNN's latest list of Top 250 U.S. Trade Shows, which is based on net square feet. Terms of the deal were not disclosed.
Emerald also has made several other buys:
December 2016 - American Craft Retailers Expo (“ACRE”) from IndieMe.
November 2016 - RFID Journal LIVE! Event - from RFID Journal
October 2016 - National Pavement Expo - from AC Business Media and Digital Dealer Conference & Expo from Dealer Communications.
November 2015 - National Industrial Fastener & Mill Supply Expo
March 2015 - Healthcare Design Conference and Expo and International Pizza Expo and Pizza Today magazine
Emerald currently operates more than 50 trade shows, including 30 of the top 250 trade shows in the country as ranked by TSNN, as well as numerous other events.
The company’s events connect more than 500,000 global attendees and exhibitors and occupy 6.5-plus million net square feet of exhibition space.
If the Emerald buy materializes, it will be one of the largest buys in the past few years.
Last year, U.K.-based Informa acquired U.S.-based Penton, which includes the Natural Products Expo shows and WasteExpo, in a deal worth $1.56 billion from private equity owners MidOcean Partners and Wasserstein & Co.
In 2014, U.K.-based bought U.S.-based Advanstar Communications for $972 million, which included the biannual MAGIC Market Weeks shows, as well as the Licensing Expo, among others.
Partner Voices
Dallas already boasts 35,000 hotel rooms, award-winning global cuisine, and a walkable downtown. But we are just getting started.
Visit Dallas is thrilled to announce that the city of Dallas is doubling down with a massive new convention center and entertainment district. Featuring 800,000 square feet of exhibit area, 260,000 square feet of meeting rooms, and 170,000 square feet of ballroom. The center will connect business travelers with dining and shopping options in the popular Cedars District means more places to get down to business, and even more ways to unwind.
“Dallas is already a great meetings and conventions destination, with the accessibility of two major airports, affordable labor, and an outstanding hotel product,” said D. Bradley Kent, Visit Dallas senior vice president and chief sales officer. “The new center and Convention Center District will enhance Dallas’ competitive position and are exactly what our customers’ need and have been asking for."
What’s New – AT&T Discovery District
Located in the heart of Downtown Dallas, this new district on the AT&T corporate campus is tailor-made for groups of all sizes. It boasts a multi-sensory experience, including outdoor event space, the AT&T Theater, and multiple dining outlets including JAXON Beer Garden and The Exchange, a bustling food hall.
Hotels Coming Soon
Names like the JW Marriott (Downtown), lnterContinental Dallas (Uptown), and Hotel Swexan (Uptown) are adding luxury amenities and bountiful event spaces. The projects will debut in 2023 and beyond.
JW Marriott
This new, 15-story, 283-room hotel will open in the heart of the city’s downtown Arts District this year. The property features a 25,000-square-foot grand ballroom, as well as a spa, restaurant, lobby bar, fitness center, and a rooftop pool deck and bar.
InterContinental Dallas
Located in Cityplace Tower in Uptown, InterContinental Dallas will feature sweeping panoramic views of the Dallas skyline. Guests will enjoy spacious, high-end rooms and amenities, including more than 21,000 square feet of event space.
Hotel Swexan
Hotel Swexan, a new, 22-story luxury property, is rising in Uptown’s Harwood District and will make its mark on the Dallas skyline. Opening this year, it is a sculptural building with cantilevered upper floors, as well as a 75-foot rooftop infinity-edge swimming pool and a hidden underground lounge.
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