UPDATE: Diversified Makes Two Acquisitions
Nancy Hasselback announced her impending retirement last week, but her company is still very much an active player in the tradeshow market.
Diversified Business Communications has acquired Intelligent Exhibitions, an expo and conference organizer specializing in technology and marine events, and the Institute of Finance and Management, an events organizer and publishers in the corporate accounting field.
Terms of the sales were not disclosed.
Intelligent Exhibitions’ most significant show—Ocean Business, which is currently underway, attracts more than 4,000 attendees and 300 exhibitors biannually—will remain under existing leadership out of Gloucestershire, England, headed by owner and Managing Director, Versha Carter.
“We will leverage the strengths of Versha’s team with our U.K. team and the SPAR Point Group in the U.S. to continue to grow the business,” Hasselback says in an email to Expo. “The overlapping databases and customer relationships will bring much power to the events and will allow for new launches that are already under development.”
Diversified has several marine shows under its U.S. purview, but none in Europe.
Also included in Intelligent Exhibitions acquisition are Offshore Survey, Ocean Careers—both collocate with Ocean Business—MARLEC, LiDAR International and LiDAR Europe. Management of the LiDAR properties, focused on the light detection and ranging segment, will be transferred to Diversified’s home offices in Portland, Maine.
The IOFM business produces one of the largest accounts payable events in the country—The Accounts Payable Conference & Expo—and publishes industry resources like the Controller’s Report, Managing Accounts Payable and Recruiting trends. Diversified will operate these products from its Portland headquarters, as well.