Investing in Growth: New State Capital Partners and Expo Group
New State Capital Partners Takes Major Stakes in The Expo Group
New State Capital Partners has made headlines with its recent acquisition of a majority stake in The Expo Group, a prominent player in the trade show and live event industry. This strategic investment signals an exciting new phase for The Expo Group as it aims to elevate its services and expand its reach across various market segments.
Overview of The Expo Group
Based in Texas, The Expo Group is celebrated for its extensive range of services that cover every aspect of event management. This includes event design, planning, asset procurement, booth rentals, logistics, and execution. Each year, the company is involved in the architecture of more than 500 trade shows and events, catering to a myriad of clients such as corporations, educational institutions, and trade associations.
Leadership Views on the Investment
Ray Pekowski, founder of The Expo Group, expressed that this partnership with New State is a significant milestone in their business journey. He believes it not only acknowledges their hard work but also lays a path toward an even more promising future. The confidence shared by Pekowski highlights the belief that New State's support will enable The Expo Group to further solidify its position in the industry.
CEO Insights on Future Growth
Continuing the discussion, CEO Randy Pekowski emphasized how joining forces with New State marks an exciting chapter in their growth trajectory. He highlighted that this partnership is an investment in their ability to expand operational capabilities and enhance customer experiences. Their goal is to not only grow but to significantly improve the quality of services offered to clients.
Strategic Focus for Future Success
Kurt Lentz, Senior Principal at New State, articulated the firm’s long-standing thesis about the B2B trade show and live event services sector. He expressed excitement about collaborating with The Expo Group to drive organic growth while exploring strategic mergers and acquisitions to fast-track their goals.
Investment Partners and Advisors
The funding for this acquisition comes from New State's Fund III, and they have collaborated with Panos Partners, a sponsor founded by Bryan Scott, a former events industry executive. This partnership reflects New State's strategy to work closely with independent sponsors, and this marks the fourth such collaboration for the firm.
Legal and Financial Advisors
In terms of advisory support, McGuire Woods provided legal guidance while Houlihan Lokey offered financial advisory services for New State’s investment. STS Capital Partners acted as the financial advisor for The Expo Group, ensuring that both parties received expert advice throughout the transaction process.
The Expo Group's Commitment to Excellence
The Expo Group has built a strong reputation as the architect for connecting communities through unforgettable events. By leveraging behavioral science, they have the ability to offer clients tailored brand experiences rich in valuable content and connections. They maintain a commitment to not just events but meaningful engagements that foster commerce and connection.
About New State Capital Partners
Known for its entrepreneurial spirit, New State Capital Partners focuses on building long-term relationships that drive value for both investors and companies. Their investment criteria target market-leading, middle-market firms, emphasizing service-focused business models. The firm’s portfolio encompasses over 40 companies, illustrating their successful investment strategy.
About Panos Partners
Panos Partners, established in 2016 and based in Dallas, focuses on investments in middle-market healthcare and business services firms. With managing partners experienced in business growth, Panos has built a solid reputation, currently overseeing assets exceeding $175 million. Their expertise enhances the investment approach they bring to partnerships.
Frequently Asked Questions
What is the significance of New State Capital's investment?
This investment signals New State's commitment to enhancing The Expo Group's operational capabilities and growth potential, marking an important development for both companies.
What services does The Expo Group provide?
The Expo Group offers a comprehensive suite of event services, including design, planning, logistics, and execution, catering to various event organizations.
Who are the leaders involved in this acquisition?
Key figures include Ray Pekowski, founder; Randy Pekowski, CEO; and Kurt Lentz from New State Capital, all of whom are optimistic about the partnership's potential.
How does this partnership affect The Expo Group's future?
The partnership is expected to drive organic growth and strategic expansion efforts, allowing The Expo Group to enhance its market presence and improve service delivery.
What does New State look for in investments?
New State seeks to invest in market-leading, middle-market companies that embody service-focused business models, emphasizing long-term relationships with founders and sponsors.
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