Gemspring Capital Invests in Skyline Displays
WESTPORT, Conn.--(BUSINESS WIRE)--Jan 15, 2020--
Gemspring Capital, a middle-market private equity firm, is pleased to announce an affiliate has completed the simultaneous acquisitions of Skyline Displays, a leading provider of displays, exhibits and services for trade shows and large corporate events, and TradeTec, the largest Skyline independent dealer. The combined company will continue to operate under the Skyline brand.
Skyline is headquartered in Eagan, Minnesota, and is a recognized leader in the industry, with an exceptional reputation for quality, design and service. Critical to Skyline’s historical success has been leveraging its market leading exhibit and display design and manufacturing capabilities into the provision of related trade show services, such as asset management, installation and dismantling and equipment rentals. Skyline’s customers are seamlessly served across the United States and internationally through its network of nearly 80 locations, including 27 Skyline-owned retail centers, four regional service centers and 45 independent dealers.
Bill Dierberger, President & CEO of Skyline, commented on the transaction: “We are excited to partner with Gemspring during the next phase of growth for Skyline. Gemspring’s understanding of our industry combined with their resources, relationships and partnership mentality will be invaluable as we continue to provide customers with world class products and services through both company-owned locations and our extraordinary independent dealer network.”
Don Gerne, Managing Director at Gemspring, said: “Bill and his team have done an incredible job growing Skyline into the trusted partner for its independent dealers and customers. We believe that Skyline provides an unmatched value proposition and portfolio of products and services to its dealers and customers that uniquely position the company for continued growth. We are excited to support the Skyline team in this next stage of the company’s growth.”
About Skyline Displays
Skyline Exhibits is North America’s leading brand of exhibit systems. Known for high-quality manufacturing, cost-saving portability, innovative functionality, creative design and exhibitor training and education, Skyline has a network of nearly 80 Dealers and Design Centers in North America, Regional Service Centers in top venue cities, and representation in 30 countries. The Company manufactures a broad range of products for events and trade shows – from basic banner stands and pop-up trade show displays to large custom modular exhibits. With over 25 integrated exhibit systems, state-of-the-art production including large-format graphics, laser cutters, and 3D printers as well as options for exhibit rental and services, Skyline provides event and exhibit solutions for virtually any size or budget. Skyline is the innovation home for Skyline WindScape ®, the World’s First Air-Powered Exhibit System ® worldwide.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $355 million of capital under management, provides equity capital to growing lower middle market companies headquartered in the United States and Canada. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Target companies have up to $350 million in revenue and are in the business services, industrial services, software, media, or specialty manufacturing sectors. For more information, visit www.gemspring.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200115005898/en/
CONTACT: Don Gerne
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: HARDWARE OTHER PROFESSIONAL SERVICES DATA MANAGEMENT MANUFACTURING CONSUMER ELECTRONICS TECHNOLOGY EVENTS/CONCERTS AUDIO/VIDEO FINANCE PROFESSIONAL SERVICES OTHER TECHNOLOGY OTHER MANUFACTURING SOFTWARE ENTERTAINMENT MOBILE/WIRELESS
SOURCE: Gemspring Capital
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PUB: 01/15/2020 06:33 PM/DISC: 01/15/2020 06:33 PM