“We are thrilled to welcome the EH Media team and their highly valuable brands and assets to Emerald. Ken Moyes has built an impressive group of interconnected, technology-oriented brands that are focused on the integration of audio, video, communications, IT, security and energy management products into buildings of all types,” said David Loechner, Emerald’s president and CEO.
He added, “This secular trend has been underway for several years and is only accelerating, which bodes well for the future.”
The acquired brands have grown in recent years, driven by increases in digital revenues, now representing approximately half of total revenues, as well as solid event revenue growth.
“Emerald is acquiring a great team and a well-positioned portfolio of events and brands that overlaps nicely with their current portfolio and also provides exposure to attractive adjacent markets,” said Ken Moyes, EH Media’s Founder, President and CEO.
He added, “While it is tough to part with people and brands that have been such an integral part of one’s life for decades, the business and cultural fit with Emerald is very strong and they have the people, resources and market positions to take these brands to the next level.”
The acquired brands are strategically aligned with Emerald’s CEDIA Expo and Connecting Point Marketing Group (CPMG) businesses, and include:
“… We see a tremendous opportunity to deliver continued strong organic growth in these businesses while also achieving synergies as we integrate these brands and assets into Emerald,” Loechner said.
He added, “We believe that this acquisition, once fully integrated, will not only strengthen our existing trade shows but also expand both their relevance and growth profile in several of our key end markets.”