Expo Group is the latest event services company to secure a private equity deal. The company has sold a majority stake to New State Capital Partners.
Terms were not disclosed. “The investment was made in partnership with management and the company’s existing owners, who reinvested significant proceeds,” a statement from NSW Capital said.
Some other recent offers:
CloserStill Media has acquired a majority stake in Partnership Network Events, a company that runs hosted buyer events and conferences in the UK, US and Middle East.
Phoenix Equity Partners reportedly invested $297 million in Nineteen Group. This is Phoenix Equity Partners’ second round of funding.
Providence Equity Partners acquired British events organizer Hyve in June.
Shamrock Capital replaces MSouth Equity Partners as Nth Degree’s new investor. MSouth invested in the company in 2019.
Top 5 Trade Show Contractors
According to research by Trade Show Directors, Expo Group is one of the top five service contractors in the industry.
Ray Pekowski founded the company in 1991. It provides booth rental, logistics and fulfillment services for more than 500 trade shows and live events annually.
New State partnered with Dallas-based Panos Partners, a firm founded by former events industry executive Bryan Scott, on the deal. This is NSW’s fourth investment with an independent sponsor.
“We plan to drive continued organic growth and accelerate Expo Group’s development trajectory through strategic acquisitions,” said Kurt Lentz, senior principal at New State.
He noted that NSW’s resources would enhance Expo Group’s operations. In addition, it will “further expand the scale of our business.”
In May, Expo Group hired Darren Temple as chief growth officer. Temple previously served as CEO and president of live events company Switch. He also served as Chief Operating Officer of Meeting Professionals International (MPI) and Freeman’s Executive Vice President of Global Sales for nearly 20 years.
