Irving, TX – Hanley Wood, a Texas-based multimedia company, has sold its Hanley Wood Exhibitions business to Informa PLC, a U.K.-based publishing and events company that operates in more than 40 countries.
The $375 million sale is subject to customary regulatory review and is expected to close by the end of 2014.
Upon the closing of the transaction, the exhibitions business will be rebranded Informa Exhibitions US and will maintain its headquarters in Irving, Texas. The deal adds 17 construction and real estate events to Informa’s portfolio.
According to the deal, Hanley Wood and Informa PLC “will enter into a long-term partnership agreement under which Hanley Wood will continue to provide editorial and marketing support for Exhibitions events.”
Hanley wood portfolio includes the World of Concrete exhibition, which was ranked No. 23 on last year’s TSNN Top 250 Trade Show list, and Greenbuild International Conference & Expo, which ranked No. 149 on the same list.
“This partnership agreement will allow Hanley Wood Media to maintain its role as the official media and information provider to the various events we have supported for many years,” the companies said in a joint statement.