Just got an email press release that the Vegas Show was sold. First it was the American Fastener Journal and now the Vegas Show.
Emerald Expositions, LLC announced the acquisition from Mike McGuire and Jim Bannister. Susan Hurley will continue to manage the event as Show Director for Emerald and Jim Bannister will continue to provide consulting services.
WOW. That some big news!
FOR IMMEDIATE RELEASE
Emerald Expositions Acquires National Industrial Fastener & Mill Supply Expo
– Acquisition Adds New Manufacturing End-Market to the Emerald Portfolio –
SAN JUAN CAPISTRANO, Calif. – November 12, 2015 – Emerald Expositions, LLC (“Emerald”), a leading business-to-business trade show and conference producer, today announced its acquisition of the National Industrial Fastener & Mill Supply Expo (“Fastener Expo”) from Jim Bannister and Mike McGuire, the show’s co-owners. From the first Fastener Expothirty-five years ago, this event has brought together manufacturers and distributors of industrial fasteners, precision formedparts, fastener machinery & tooling, and other related products and services with distributors and sales agents in the distribution chain. The 2015 event took place recently at the Sands Expo & Convention Center, Las Vegas and featured anall-day conference program presented by endorsing fastener associations, a show floor with more than 600 exhibitingcompanies from 20 countries, and buyers from 38 nations around the world.
“Fastener Expo is an attractive entry point for us into the industrials sector and broadens our endmarket exposure and opportunities,” said David Loechner, Chief Executive Officerof Emerald Expositions. “Fastener Expo aligns perfectly with the criteria we look for in acquiring new events – strong underlying market fundamentals, a “must-attend” event with a clear leadership position, experienced and high qualitymanagement, and an event that will benefit from the management and infrastructureof the Emerald organization.”
“Our recent show was the largest and strongest event ever, with over 100 newexhibiting companies,” noted Mike McGuire. “Emerald’s scale and expertise shouldhelp take this show to even greater heights for both exhibitors and attendees.”
To ensure a seamless transition, Jim Bannister, who has operated the show since itsinception, will provide consulting services to Emerald and will support Susan Hurley, who will continue to manage the eventfrom her central Ohio office, now as Show Director for Emerald.
– more –
“I’m delighted that the National Industrial Fastener & Mill Supply Expo will continue to grow and thrive under thestewardship of Emerald Expositions,” said Jim. “To see how far this show has evolved over the past three decades has beenamazing, and based on recent attendance trends, the future of the event is very bright.”
Corporate Solutions of Westport, Connecticut was the exclusive advisor to the sellers in arranging, structuring andnegotiating this transaction. The financial terms of the transaction were not disclosed.
# # #
About Emerald Expositions
Emerald Expositions is a leading operator of large business-to-business tradeshows in the United States, producing more than 80 tradeshows and conference events per year, connecting hundreds of thousands of buyers and sellers across ten diversifiedend-markets, including Gift, Home and General Merchandise; Sports & Apparel; Design; Jewelry, Luxury, and Antiques; e-commerce; Creative Services; Healthcare; Military; Licensing; and Food. Emerald is headquartered in San Juan Capistrano,CA. The company’s shows are typically the most prominent and important for exhibitors and attendees within their variousindustries.
For more information on Emerald, please visit www.emeraldexpositions.com
For further information: Emerald Expositions:
Philip Evans, Chief Financial Officer 949.226.5714
Event Logo:
Good for Mike, I wish him well and look forward to the future!
Agreed. The Fastener Show has been a good thing for our industry for a lot of years and helped a lot of businesses grow and gain customers. Hope Mike still shows up to visit though.