Questex sold to private equity firm Shamrock Capital Advisors
Yet another B2B media company has been sold to a private equity firm as Newton, Mass.-based Questex announced that it had been acquired by Shamrock Capital Advisors, LLC, a Los Angeles-based private equity firm.
“Shamrock Capital is the perfect partner for Questex at this point in our evolution,” Kerry C. Gumas, President & CEO of Questex, said in the announcement. “They have a deep understanding of the media, communications and entertainment sectors and the customers we serve. They support our ongoing business initiatives and they share our goal of extending Questex’s service offerings and market footprint.”
Questex’s markets are hospitality & travel, beauty & wellness, life sciences, IT & communications, and nightclub & bar.
Kerry Gumas, the company’s CEO, was formerly at Advanstar, IDG and Reed Exhibitions. The company is particularly strong in trade shows.