European events and publishing company Informa Exhibitions has bought Ft. Lauderdale-based Show Management, producers of the Fort Lauderdale International Boat Show, for $133 million, according to a statement released this morning. Informa Exhibition produces the Monaco Yacht Show.
Show Management also produces Yachts Miami Beach (which it co-owns with the International Yacht Brokers Association), the Palm Beach International Boat Show scheduled for later this month, the St. Petersburg Power and Sailboat Show, and the Suncoast Boat Show in Sarasota, Fla.
“Combining the world’s premiere show, based in Europe, with these five shows in North America creates a scale player in this attractive and growing vertical, further strengthening our relationship with leading yacht brokers and builders, providing good opportunities for cross promotion, and extending customer relationships across platforms and geographies,” Informa CEO Charlie McCurdy said in a statement.
Show Management was founded in 1976 by Kaye Pearson and sold to Active Interest Media (AIM) in 2006. Efrem “Skip” Zimbalist III, chairman of AIM, will advise Informa Exhibitions during the transition, and his staff will remain with the company.
“We can think of no better company than Informa Exhibitions, with its global resources, to focus on the continued growth and success of these excellent boat shows while continuing to exceed the expectations of their exhibitors and attendees,” Zimbalist said.
The Ft. Lauderdale show, considered the largest in-water show in the world, is owned by the Marine Industries Association of South Florida, which recently signed a multi-year contract with Show Management to produce the show.
“Informa’s acquisition of Show Management allows for an exciting international opportunity that extends to exhibitors and the marine industry in leading global markets,” said Phil Purcell, president and CEO of MIASF. “The Marine Industries Association of South Florida looks forward to continued collaboration with our partners based on a relationship that has been built over decades.”
Informa Exhibitions is a division of London-based Informa PLC, a global exhibition company, which operates 200 industry events a year.