Emerald Expositions completes acquisition of GLM
Retail Editor 4 -- Home Textiles Today, January 17, 2014
San Juan Capistrano, Calif., and White Plains, N.Y. - Emerald Expositions has completed the acquisition of trade show organizer GLM from Providence Equity Partners for $335 million.
The purchase price, including transaction expenses, was funded by $200 million of debt and a $140 million equity investment from Onex Partners III. Emerald was acquired by Onex Partners III in June 2013.
GLM runs over 20 trade shows, including four of the largest 100 trade shows in the U.S., including shows for home textiles and housewares. GLM has approximately 130 employees and operates out of six U.S. offices.
Emerald produces more than 85 tradeshows and conference events per year.
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