The FT is reporting that The Daily Mail & General Trust is to sell George Little Management (GLM), the United States’ largest privately-held tradeshow management company.
An information memorandum has been sent to prospective trade and private equity bidders, with Reed Elsevier, UBM and Informa potentially interested parties.
GLM was founded by George F. Little, in 1924, and acquired by dmgt in 2007, and is part of the dmg::events portfolio. The company is forecast to tuenover $71 million and make $26 million of pre-tax profits. GLM employs some 100 people, with offices in White Plains, NY, Atlanta, GA and Naples, FL.
GLM currently produces 15 tradeshows. Alltogether, these events have around 11,000 exhibitors in 1.8 million net square feet of exhibit space, and attract approximately 345,000 attendees.
Outside of the trade arena, the company’s Soiffer Haskin division organizes private sales for luxury goods manufacturers and retailers. Established in 1982 and acquired by GLM in 1998, Soiffer Haskin currently conducts 40 private sales annually, for clients including Hermes, Mikimoto, Bulgari, Tourneau, Loro Piana, Pratesi, Valentino, Max Mara, Ralph Lauren Home, Hugo Boss and Hickey Freeman.
USA, White Plains, NY
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