SAN JUAN CAPISTRANO, Calif.-Emerald Expositions has closed on its acquisition of GLM from Providence Equity Partners.
The purchase price was $335 million, consisting of $200 million of debt and a $140 million equity investment (which included transaction expenses) by Onex Partners III. The latter company purchased Emerald Expositions in June 2013.
The acquisition adds GLM’s more than 20 trade shows to Emerald Expositions’ portfolio of more than 85 trade shows. Among the industries Emerald Expositions’ shows serve are general merchandise, sports, hospitality, retail design, jewelry, luxury goods, antiques, e-commerce, photography, decorated apparel, building, health care and military.