Questex, which is backed by MidOcean Partners, has acquired Digital Signage Expo, an event focused on digital signage solutions. No financial terms were disclosed.
PRESS RELEASE
NEW YORK, March 25, 2021 – Questex announced today it has acquired the assets of Digital Signage Expo. Questex is a leading information and events company focused on bringing people together in the markets that help people live better and live longer through event and digital experiences in the fast growing experience economy.
The acquisition complements Questex’s business and aligns with its strategy of acquisition and organic growth. It builds on the recent acquisition of LDI, which connects design, technology and production to the live audience experience, and with Questex’s Technology assets including Sensors Converge, Stream TV Show and Fierce Electronics.
Questex CEO, Paul Miller commented, “We’re starting 2021 in a very strong position with the right people, the right products and the right processes. We’ve created a strong foundation and strategy that is incredibly relevant to the disruptive trends currently in the market. Digital Signage Expo complements our portfolio perfectly and we’re excited for the opportunity to grow these properties as part of the Questex family. We hope to build upon the past success of the brand to connect suppliers with buyers across this very exciting market.”
The digital signage industry is booming. Digital signage technologies like LCD, LED and projection-to-display images, video, and streaming media are in a whole host of spaces including hotels, restaurants, and retail stores. These technologies are creating opportunities for suppliers in the digital signage and the digital out-of-home (OOH) advertising industries. The global digital signage market size is predicted to grow to USD $31.71 billion by 2025 (Grand View Research, Inc.), while the digital OOH advertising market is expected to reach $31.05 billion in 2023 (ResearchAndMarkets.com). Additionally, with an increased demand for connected lighting systems and the global high-end lighting market expected to reach USD $24.3 billion by 2025 (Grand View Research, Inc.), Digital Signage Expo, in tandem with LDI, will provide a strong platform for connecting buyers and sellers in this market.
Questex, owned by MidOcean Partners, acquired the rights to Digital Signage Expo’s live and digital assets including all trademarks, tradenames, websites, domain names, and databases, as well as customer, vendor and attendee lists. Questex will announce the go-forward strategy for these assets in the near future.
About Questex
Questex brings people together in the markets that help people live better: travel, hospitality and wellness; the industries that help people live longer: life science and healthcare; and the technologies that enable and fuel these new experiences. We live in the experience economy – connecting our ecosystem through live events, surrounded by data insights and digital communities. We deliver experience and real results. It happens here.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.
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