Toronto, ON – The delayed divestiture of two Canadian gift shows by dmg world media was completed April 12. The Montreal Gift Show and Alberta Gift Show were formally acquired from dmg world media (Canada) by the Canadian Gift and Tableware Association (CGTA).
Terms of the deal, which was initially struck last Summer, were not announced. The Jordan, Edmiston Group, Inc. acted as financial advisors for dmg.
The CGTA and dmg had earlier agreed to complete the sale by the end of September 2009. The deal was postponed in October after both parties agreed they would not be able to make the transition in time for the Montreal show’s March 2010 date.
According to dmg Senior Vice President of Finance Greg Feehan, the transaction reduces dmg’s presence in Canada to a four-show portfolio of energy events, including the Global Petroleum Show & Conference, which is run out of the company’s Calgary office
Under the terms of the agreement, the ten-member dmg show team will join the CGTA staff in Toronto and will continue to manage the events. “We’re delighted the Alberta and Montreal shows have been added to our portfolio,” said CGTA Executive Director Peter Moore. “Over the years, dmg has built a first-class team who will fit comfortably into our culture.”
The CGTA currently organizes the Toronto Gift Show, the largest such event in Canada. The association said the Alberta Gift Show, to be held August 15-18 at the Edmonton Exposition & Conference Centre, is expected to draw 530 exhibitors and cover 190,000 net square feet (nsf) of exhibit space. The Montreal Gift Show is held in March and August at Place Bonaventure. This Summer’s event is expected to draw 350 exhibitors and cover 100,000 nsf.