Emerald Expositions acquired the National Industrial Fastener & Mill Supply Expo (“Fastener Expo”) from Jim Bannister and Mike McGuire, the show’s co-owners.
Fastener Expo started 35 years ago and brings together manufacturers and distributors of industrial fasteners, precision formed parts, 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 in Las Vegas and featured an all-day conference program presented by endorsing fastener associations, a showfloor with more than 600 exhibiting companies 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 end market exposure and opportunities,” said David Loechner, CEO of 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 quality management, and an event that will benefit from the management and infrastructure of the Emerald organization.”
McGuire said. “Our recent show was the largest and strongest event ever, with over 100 new exhibiting companies. Emerald’s scale and expertise should help take this show to even greater heights for both exhibitors and attendees.”
To ensure a seamless transition, Bannister, who has operated the show since its inception, will provide consulting services to Emerald and will support Susan Hurley, who will continue to manage the event from her central Ohio office, now as show director for Emerald.
“I’m delighted that the National Industrial Fastener & Mill Supply Expo will continue to grow and thrive under the stewardship of Emerald Expositions,” Bannister said. “To see how far this show has evolved over the past three decades has been amazing, and based on recent attendance trends, the future of the event is very bright.”
Corporate Solutions of Westport, Conn., was the exclusive advisor to the sellers in arranging, structuring and negotiating this transaction. The financial terms of the transaction were not disclosed.
- Industry News