Hanley Wood Buys Trade Show, Merchandise Mart Buys More Than 50 Trade Shows
Housing and construction industry publisher Hanley Wood has purchased the Aqua Show, a 13-year-old, 100,000 square-foot event serving the pool and spa industry, from Madison, Wisconsin-based Athletic Business Publications. The show will become part of Hanley Wood's Pool & Spa group based in Dallas, Texas. Aqua Magazine is not part of the acquisition and will continue to be owned by ABP, Hanley Wood said in a statement. The terms of the deal were not disclosed.
The first Hanley Wood-owned Aqua Show will take place November 14-16 of next year at Mandalay Bay in Las Vegas. The Aqua Show will be the third event owned by Hanley Wood, a $250 million company owned by affiliates of JPMorgan Partners LLC and managed by CCMP Capital Advisors, in the pool and spa sector. The Washington D.C.-based company also owns and manages the International Pool & Spa Expo and the Backyard Living Expo.
Hanley Wood events unit produced $52 million last year from events and is projected to generate $60 million this year, Galen Poss, president of Hanley Wood exhibitions told Folio: in an interview earlier this year. The company has used the construction boom to build a portfolio of more than a dozen shows, including the huge World of Concrete.
Merchandise Mart Properties Canada, a division of Chicago-based Merchandise Mart Properties Inc., has acquired York Communications and MediaEdge Communications West in a deal that encompassed over 50 trade shows and conferences in the building, design, construction and real estate industries. The events are held throughout the United States and Canada. Both sellers were represented by Corporate Solutions in the transaction.
The terms of the sale were not disclosed. The shows and conferences include Construction Solutions Seattle, Construction Solutions Portland, the Real Esate Forum, Construct Seattle, Buildex Seattle, and Design Trends Seattle.