This Just In
  • The power outage that disrupted CES for about two hours Jan. 10 was traced to a transformer “flashover” at the LVCC.
  • Hannover Fairs USA will launch the DOMOTEX USA floor-coverings show Feb. 28-March 2, 2019, at the Georgia World Congress Center in Atlanta.
  • RSAV has acquired Lanham, Md.-based Hargrove, Inc, expanding PSAV’s presence in the trade show industry.
  • Groundbreaking for Phase II of the Las Vegas Convention Center expansion took place Jan. 8, adding about 1.4 million square feet by 2021.
  • CES set a new show record of 2.75 million nsf of exhibit space when it opened Jan. 9, topping the 2017 record
  • Visit KC is looking for a new President and CEO because Ronnie Burt will step down Jan. 31 after settlement of a lawsuit.
  • CES experienced an opening day power outage at the LVCC affecting the Central Hall. South and North Halls reportedly were up and running.
  • A memorial service will be held Jan. 6 for Raymond Moriarity, 71, co-owner of Paradice Expo Services who died on Dec. 28.
  • A memorial service is pending for John Portman Jr., 93, founder of the company that became AmericasMart Atlanta. He died Dec. 29.
  • Shepard is acquiring Production Associates, an audio-visual provider based in the Washington, D.C., market.

Marketplace Events Acquired by Equity Firm; Remains in Expansive Mood

Hil Anderson
, Senior Editor
February 2, 2016
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New York, NY  Marketplace Events has been acquired by a private equity firm and plans to ramp up its growth in the North American consumer show market.

Sentinel Capital Partners announced the acquisition of Marketplace Events and predicted a bullish market in coming years for its events in the U.S. and Canada. “Marketplace Events is the clear leader in the North American home and garden show industry,” said Michael Fabian, a partner in the New York equity firm. “Moreover, the business was resilient during the 2008 economic downturn and should benefit from positive tailwinds in the home remodeling and repair sector in the years ahead.”

Marketplace Events is based in Ohio and organizes 44 shows, including 29 home and garden events in the U.S. and 13 in Canada. There are also two holiday boutique shows on the roster. Marketplace Events acquired two home shows in Winnipeg last Fall and also sold its American International Motorcycle Expo trade show to the Motorcycle Industry Council.

Tom Baugh, CEO of Marketplace Events, said the company remained in an expansive mood and would announce the launch of six new events later in February. “We believe our partnership with Sentinel will allow us to accelerate our growth,” he said. “The biggest single change will be our ability to make strategic acquisitions more aggressively.”

 

Reach Tom Baugh at 888-248-9751 or tom@marketplaceevents.com; Michael Fabian at (212) 688-3100 or info@sentinelpartners.com

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