International Market Centers & AmericasMart Combine
Las Vegas, NV, May 16, 2018-International Market Centers (IMC) and AmericasMart [Atlanta] (AmericasMart), two operators in the furniture, gift, home décor, rug and apparel B2B industries, have entered into an agreement to form the world’s largest owner and operator of premier showroom space.
Financial terms of the transaction were not disclosed.
The combined corporate entity, which will operate under the name International Market Centers, will own and operate nearly 20 million square feet of permanent showroom space in Las Vegas, Nevada; High Point, North Carolina; and Atlanta, Georgia creating the world’s largest permanent mart operator for furniture, home decor, rug, gift and apparel. The individual markets and their respective venues will continue to operate under existing names and branding. IMC and AmericasMart will bring together the best practices, technology, and personnel from both firms to create premier B2B Market experiences across more than 20 annual events.
This strategic combination is evidence of Blackstone’s and IMC’s strong belief in the long-term vitality of markets and the critical role they play in the industry. To that end, IMC has recently committed significant capital to expand both of its existing campuses-in Las Vegas, through the construction of a new, connected 350,000 square feet convention and exposition center and in High Point, through the acquisition/construction of two buildings and the extensive renovation of common areas throughout the campus.
The transaction is expected to close in third quarter of 2018.