Diversified, global B2B events and media company headquartered in Portland, Maine, USA, has announced the acquisition of Marine Money, a leading brand for ship finance events and publications, from International Marketing Strategies, Inc. (IMS).
Marine Money will join Diversified’s existing Commercial Marine portfolio of events and publications serving the marine industry, including the International Workboat Show, Pacific Marine Expo, National Fisherman, and Workboat Magazine.
Founded in 1987, Marine Money supports networking and business development opportunities for C-Suite attendees in the global shipping finance industry. It events worldwide.
Diversified will retain Marine Money’s team, including owners Matt McCleery and Mike McCleery.
Diversified’s Commercial Marine team is led by group vice-president, Wes Doane, who said: “This acquisition represents a highly strategic step forward in expanding and deepening our Commercial Marine portfolio. Just as important, we are gaining exceptional partners in both Matt and Mike, whose decades of industry leadership, trusted relationships, and commitment to the shipping finance community will be instrumental as we invest in growth, innovation, and long-term value for our customers.”
“This is a transformational opportunity for us, and we couldn’t be more excited about it,” said Matt McCleery. “Diversified’s family-owned culture and client-focused approach are a perfect fit for Marine Money, and with the support of Diversified’s expertise and resources, we plan to take Marine Money to the next level in terms of client service and digital technology, as well as training, content, data and networking.”
Sullivan & Worcester LLP served as Diversified’s legal counsel. Marine Money worked with broker Fusion Corporate Partners and financial advisor White Fir Global, Inc.
Source: www.exhibitionworld.co.uk
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