George Little Management Sold for $173 Million
Trade show company George Little Management [GLM] announced early Wednesday that it will be sold by its parent company, the United Kingdom’s Daily Mail and General Trust [DMGT], to the Rhode Island based firm Providence Equity Partners for $173 million.
GLM currently produces 15 trade shows in the industries ranging from giftware, home furnishings and social stationary to art and design, antique jewelry and board sports, among others. Events under the brand include the New York International Gift Fair, Surf Expo and the International Hotel, Motel and Restaurant Show.
In total, GLM’s event portfolio showcases products and services for a combined 11,000 exhibitors and 150,000 attendees on a cumulative 1.8 million net square feet of exhibit space.
“I’m excited,” Alan Steel, president of GLM, told EXPO early Wednesday. “Our senior management team is excited—about the opportunities this presents. We’re looking forward to expanding and growing the business again and to having access to acquisition capital as part of that growth strategy. There are opportunities both domestically and internationally and we will be working hard to develop them over the next several years.”
