M&A Deal Summary

New State Capital Partners and Panos Partners Acquire Expo Group

On September 26, 2024, private equity firms New State Capital Partners and Panos Partners acquired media company Expo Group

Acquisition Highlights
  • This is New State Capital Partners’ 1st and Panos Partners’ 1st transaction in the Media sector.
  • This is New State Capital Partners’ 18th and Panos Partners’ 2nd transaction in the United States.
  • This is New State Capital Partners’ 3rd and Panos Partners’ 2nd transaction in Texas.

M&A Deal Summary
Date 2024-09-26
Target Expo Group
Sector Media
Buyer(s) New State Capital Partners
Panos Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Expo Group

Irving, Texas, United States
Expo Group serves as an architects for connecting communities through the design and management of personalized, unforgettable tradeshows and events. The company helps its clients reimagine events by leveraging behavioral science to deliver customized brand experiences with valuable content, connections, and commerce. The Expo Group was established in 1991 and is based in Irving, Texas.

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Buyer(S) 2

Buyer

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 19 of 19
Sector (Media) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (Texas) 3 of 3
Country (United States) 18 of 18
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Universal Plant Services - Rotating Equipment Segment

Deer Park, Texas, United States

Universal Plant Service's Rotating Equipment Segment is a specialty equipment service provider related to all rotating, reciprocating and machinery. Universal Plant Services' Rotating Equipment Segment is based in Deer Park, Texas.

Buy -
Buyer

Panos Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 175M USD
Size Small
Type Sector Focused
DESCRIPTION

Panos Partners is a private equity firm focused on investments in middle-market healthcare and tech-enabled business services companies. The Firm primarily considers profitable US businesses with annual revenue of $30 to $200 million, and EBITDA greater than $5 million. Panos Partners was established in 2016 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Memorial MRI and Diagnostic

Houston, Texas, United States

Memorial MRI & Diagnostic is a provider of outpatient diagnostic imaging services in the Houston market. It is a provider of diagnostic imaging services including MRI, CT or CAT scan, nuclear medicine, ultrasound, digital X-ray, digital mammography, dual energy X-ray or DEXA, pain management and other radiology services. Memorial MRI and Diagnostic is based in Houston, Texas.

Buy -
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