International Market Ctrs. Completes Acquisition of AmericasMart
Las Vegas, NV, High Point, NC and Atlanta, GA, July 23, 2018-International Market Centers (IMC) announced the completion of the acquisition of AmericasMart Atlanta.
The merger of the two best-in-class B2B showroom operators creates the world’s largest permanent mart for the furniture, gift, home décor, rug, and apparel industries. Financial terms of the transaction were not disclosed.
The combined corporate entity, which will operate under the name International Market Centers, now owns and operates nearly 20 million square feet of permanent showroom space in Las Vegas (Nevada), High Point (North Carolina), and Atlanta (Georgia). The individual Markets and their respective venues will continue to operate under their existing names and branding.
Blackstone Real Estate Partners and Blackstone Tactical Opportunities (Blackstone; NYSE: BX) acquired International Market Centers in 2017 in partnership with Fireside Investments.
In addition to this most recent investment, IMC recently announced plans to construct a new 300,000 square foot tradeshow and EXPO center on its World Market Center campus in Las Vegas, built a new 20,000 square foot showroom building in downtown High Point, acquired an existing showroom building in High Point, and launched a new digital platform to support its existing market business and drive year-round lead generation for its customers.