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International Market Centers, AmericasMart to Combine Expand Showroom Space
Thursday 17 May 2018

17 May 2018 - Two furniture, gift, home décor, rug and apparel B2B companies: North Carolina, US-based International Market Centers (IMC) and Georgia-based AmericasMart have agreed to combine to form the world's largest owner and operator of showroom space, the company said.
Financial terms of the transaction were not disclosed. The transaction is expected to close in 3Q18.
The combined corporate entity, which will operate under the name International Market Centers, will own and operate nearly 20m square feet of permanent showroom space in Las Vegas, High Point, and Atlanta creating the world's largest permanent mart operator for furniture, home decor, rug, gift and apparel.
The individual Markets and their respective venues will continue to operate under existing names and branding.
Investment firm Blackstone Real Estate Partners and Blackstone Tactical Opportunities (Blackstone; NYSE: BX) acquired IMC in 2017 in partnership with Fireside Investments.
Fireside Investments is a private investment firm focussed on making growth capital investments in durational real estate and related businesses alongside management teams and investment partners.
Details
Date Published: 17/05/2018
Target: AmericasMart
Country: USA
Sector: Wholesale/Retail
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Market Centers
Comment:
Terms of the deal were not disclosed

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