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Providence Equity Partners has agreed to acquire George Little Management, a trade show producer, for about $173 million in cash, the companies said on Tuesday.
Providence, a private equity firm, will purchase George Little Management from the Daily Mail and General Trust PLC, a United Kingdom-based media conglomerate. The acquisition will be made through a new holding company led by Charles McCurdy, who most recently served as CEO of Canon Communications, a producer of trade shows, publications, and digital and data services.
The transaction is expected to close by the end of September, subject to closing conditions and regulatory approvals.
George Little Management produces 15 trade shows that annually attract about 150,000 attendees from a wide range of industries, from home furnishings to antique jewelry to gourmet housewares.
McCurdy said Providence and George Little Management "will seek to take GLM to the next level while identifying additional opportunities to expand our platform in the dynamic trade show space."
Providence Equity Partners specializes in equity investments in media, communications, information services and education companies. The firm's principals manage funds with more than $23 billion in equity commitments. They have invested in more than 100 companies operating in over 20 countries since the firm's inception in 1989.