Blackstone-backed organiser expands its North American presence with the acquisition of PennWell Corporation.
The acquisition marks the latest in a series of global deals by Clarion, including its 2015 purchase of Urban Expositions in the US, and the merger with Hong Kong-based Global Sources earlier this year.
PennWell is a diversified business-to-business media and marketing services company based in Tulsa, Oklahoma, organising more than 40 exhibitions and conferences, and operating 130 media properties with content and integrated marketing solutions for the energy, fire and emergency services, dental and industrial technology industries.
Plural supported Clarion with commercial due diligence. Plural’s team was led by Jonny Baynes, Partner and Jonathan Dufton, Director.