IRVING, Texas – Private equity firm New State Capital Partners has acquired a majority stake in The Expo Group, a provider of critical services to the North American trade show and live events industry.
The investment was made in partnership with Expo Group management and existing owners, and terms of the deal were not disclosed.
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Michael Guillory, senior vice president of marketing and communications for The Expo Group, said The Expo Group’s leadership team will remain unchanged and said the recapitalization will set the company up for further success.
“Expo Group has experienced tremendous growth over the past few years and this is an opportunity for us to work with partners to help us further drive revenue and growth to support our customers and provide leading technology to the industry,” Guillory said. “Our focus has always been on supporting customers with specific needs…This is certainly an opportunity for us to expand our services and capabilities to help our customers succeed.”
Guillory said the move is part of Expo Group’s long-term growth plan.
“I think it’s important to note that Expo Group is continuing on its path of success and that really gives us more funding and energy to push us to the next level, so we’re excited about that,” Guillory said.
McGuire Woods served as legal counsel and Houlihan Lokey provided financial advisory services to New State. STS Capital Partners serves as financial advisor to Expo Group.
You can learn more about Expo Group here.
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