Questex Acquires ExL Events
Acquisition expands Questex's reach in pharmaceuticals, life sciences and health care.
ExL Events will continue operations from its New York headquarters. President/CEO Bryon Main and CFO/COO Ethan Denkensohn will stay in leadership positions and retain their existing staff.
“ExL has consistently grown its revenue and EBITDA at double-digit rates over the last five years, and we’ve seen the business continue to scale well due to the strong competencies of the team and systems they have put in place,” Kerry Gumas, Questex president and CEO, said in a press release.
Founded in 2004 as ExL Pharma, ExL Events produces more than 70 annual events in the US, Europe and Asia. The events will expand Questex’s existing Life Science & Healthcare group of digital properties and events.
Last year, Questex relaunched their Travel Agent University product with a revamped e-learning portal designed to capitalize on increasing mobile use.
In late 2014, Questex was acquired by private equity firm Shamrock Capital Advisors. The company was seeking a new finacial backer after emerging from bankruptcy protection in late 2009. An earlier financial restructuring resulted in the company’s sale to a group of undisclosed senior lenders.