Hyve Group said on Monday it was acquiring HLTH, a UK-based global events company serving international wellness innovators, as acquisition momentum continues in the events industry.
HLTH USA will be Hyve’s largest event by revenue. Another HLTH event, ViVE, followed.
“Long-rumored and finally realized, this marks Hyve’s second strategic acquisition this year. HLTH has a revelatory and disruptive impact on the $12 trillion healthcare industry,” said Vincent, CEO of the Society of Independent Exhibition Organizers (SISO) Polito said. “It will be interesting to see how the event integrates into Hyve. And whether any other international versions will emerge apart from HLTH Europe.
The acquisition includes more than 80 employees. There are also offices in New York, London and Dublin. Founder/CEO Jon Weiner will continue to lead HLTH.
HLTH USA was held in Las Vegas from October 19th to 22nd with over 12,000 attendees. Notable speakers include first lady Dr. Jill Biden and singers John Legend, Lance Bass and Lenny Kravitz. Speakers including Kaiser Permanente CEO Greg Adams and Nvidia Vice President of Healthcare and Life Sciences Kimberly Powell took the stage.
The HLTH deal follows Hyve’s acquisition of Beyond Ordinary Events. This is the organization behind Possible, a three-day conference focused on marketing, technology, media and culture.
Serial acquisitions in events industry include private equity investments
Hyve was acquired by private equity firm Providence Equity Partners in March 2023 for $579 million.
“As private equity continues to pour into the exhibition industry, the industry landscape is being reshaped and bringing new growth possibilities and potential. The future prospects for the industry are exciting as innovation and strategic investment drive development and value creation.
Hyve organizes events in 11 countries under event brands such as Shoptalk, Spring Fair, Bett, Mining Indaba and the recently acquired Fintech Meetup. Chief Executive Mark Shashoua co-founded the company in 1991 as ITE Group. He left the company in 1999 and returned as CEO in 2017.
This is just the latest deal in the events industry. Last week, Los Angeles-based private equity firm Truelink Capital acquired global exhibition and logistics services company GES Exhibitions.
