Emerald Holding, Inc. acquired EDspaces from The Education Market Association.
January 04, 2021
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Emerald Holding, Inc. (NYSE:EEX) agreed to acquire EDspaces from The Education Market Association on December 18, 2020. In a related transaction, Emerald Holding acquired PlumRiver in the fourth quarter of 2020 for an aggregate amount of $37.7 million, consisting of initial cash payments of $33.3 million plus the issuance of 805,948 shares of the Emerald's common stock with the consideration for PlumRiver's assets being $30 million in cash and 805,948 shares of Emerald Holding. The EDmarket team will be working closely with Emerald’s EDspaces team for a smooth transition and will play an integral part in the conference content development. Joe Tucker, Loraine Coleman and Scott Beyer have joined Emerald and will remain key resources for exhibitor success and continuity. The remaining EDmarket staff members will support the Board of Directors’ refocusing efforts to improve membership value and enhance growth and opportunity for the education market. As part of the business agreement, EDmarket will remain committed to EDspaces by continuing to sponsor and support the event for years to come. Corporate Solutions acted as financial advisor to Education Market Association. The membership of the Education Market Association voted unanimously to approve the transaction on December 18, 2020.
Emerald Holding, Inc. (NYSE:EEX) completed the acquisition of EDspaces from The Education Market Association on December 21, 2020.
Emerald Holding, Inc. is an operator of business-to-business (B2B) trade shows in the United States. The Company integrates live events, media content, industry insights, digital tools, data-focused solutions and e-commerce platforms into three complementary business lines: Connections, Content and Commerce. Its segments include Connections, All Other and Corporate-Level Activity. The Connections division includes a collection of B2B trade show franchises, which typically hold positions within their respective industry verticals. The Content division includes B2B print publications and digital media products that complement its existing trade show properties. These print and digital media products provide industry-specific business news and information across 20 sectors. The Commerce division offers B2B e-commerce and digital merchandising solutions, serving the needs of manufacturers and retailers through its Elastic Suite and Bulletin platforms.