Emerald Expositions Acquires National Pavement Expo from AC Business Media

October 18, 2016

Just one week after buying the Digital Dealer Conference & Expo, Emerald Expositions has scooped up another show - the National Pavement Expo - from AC Business Media, a business-to-business media company with a portfolio of brands in heavy construction, asphalt, concrete, paving, rental, sustainability, manufacturing, logistics and supply chain markets.

“NPE has a long and storied history in its over 30 years, and we are glad that it will be in the capable hands of one of the top trade show operators in the world, providing many benefits to our loyal attendees and exhibitors,” said Carl Wistreich and Anil Narang, co-owners of AC Business Media.

NPE is the largest trade show specifically designed for paving and pavement maintenance professionals, bringing vendors and suppliers together with contractors who make their living from asphalt and concrete paving, infrared pavement repair, sealcoating, striping, sweeping, crack repair, pavement repair and snow removal.

The next NPE event will be held Feb. 1-4 in Nashville, Tenn., providing four days of seminars and workshops, plus a new Leadership Boot Camp Jan. 31, in addition to access to more than 150 exhibitors profiling products and services on the expo floor.

AC Business Media has retained Pavement Maintenance & Reconstruction magazine, which will continue to be the official publishing partner of NPE and whose team will work closely with the Emerald team on marketing of the event and the development of conference content.

This long-term strategic relationship will enable both organizations to focus their respective resources and expertise on their core competencies and apply best practices across each product line, according to Emerald officials.

Emerald has renamed its “Design” end market to “Design & Construction”, and Joe Randall, executive vice president of Emerald Expositions, will continue to oversee the portfolio of trade shows and conferences across this end market.

“NPE has grown strongly under AC Business Media’s entrepreneurial management,” Randall said. “We’re excited to add the event to our portfolio and will seek to enhance the NPE experience for both attendees and exhibitors by applying our deep event experience, scale benefits and industry-leading best practices.”

Some other shows in the ‘Design & Construction” portfolio include the Kitchen & Bath Industry Show, GlobalShop and HD Expo.

Nick Curci, president of Corporate Solutions that handled the transaction, said, “National Pavement Expo is the leading industry event for contractors in the asphalt, concrete paving, sealcoating, striping, sweeping crack sealing, pavement repair and snow removal industries. The event hosts over 500 exhibits each year with over 100,000 net square feet of exhibit space and attracts 3,600 professional attendees. NPE has realized double digit growth over the past several years with its dominance in the pavement industry."

The financial terms of the transaction were not disclosed.

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.