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GES To Be Acquired by Truelink Capital

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Transaction Supports Accelerated Growth

LAS VEGAS and LOS ANGELES, Oct. 21, 2024 /PRNewswire/ — GES, a leading provider in the global exhibition and event industry, announced today that its parent company, Viad Corp, and Truelink Capital, a Los Angeles based private equity firm, have entered into a definitive agreement whereby Truelink will acquire the GES business. The acquisition is expected to close by the end of 2024, subject to applicable and customary closing conditions.  

Derek Linde, GES President said, “This is an exciting time for GES. The business has tremendous momentum, and our team is driving strong revenue growth, margin expansion, and client service. The publicly traded Viad conglomerate has been a great home to GES for decades and we are excited to start a new chapter as a private company with Truelink, who believes in our ability to continue delivering industry leadership, innovation and growth.”

With over 2,600 employees and thousands of active union partners across the globe, GES and its companies have a decades-long history supporting the world’s leading brands and events in robust business verticals, including healthcare, aerospace & defense, financial services, manufacturing, technology, and retail, in a variety of event marketing capacities.

“GES is a trusted brand with a proven track record of delivering best-in-class services to the global exhibitions and experiential marketing verticals. We look forward to collaborating with this talented team to help the company realize its full potential,” Truelink’s Co-Founder and Managing Partner Luke Myers said.  

Included in the acquisition are GES Exhibitions, a major provider of global exhibitions & logistics services; Spiro, a leading global experiential agency; and onPeak, SHOWTECH, and Visit, which provide event accommodation, power/lighting and registration services. Upon closing, GES will become a privately-owned, stand-alone company within Truelink’s business portfolio and continue to deliver a range of best-in-class and value enhancing experiential solutions to clients. 

Derek Linde, current GES President, will assume the role of President and CEO following the closing. He will be joined by Jeff Quade, GES NA Exhibitions President; Jason Stead, GES EMEA Exhibitions President; and Jeff Stelmach, Spiro President, who will continue leading the operating businesses post transaction.

Linde continued, “We remain dedicated to delivering extraordinary experiences to our clients across the globe. This partnership with Truelink will enable us to intensify our focus on innovation and enhance our capabilities across our differentiated global platform.”

About GES: 

The GES business entity is a dynamic collective of industry-leading companies and their distinctive specialties—GES Exhibitions, Spiro, onPeak, SHOWTECH and Visit—that deliver comprehensive experiential, strategic, creative, event management and accommodation, meeting planning and logistical solutions, as well as registration and engagement solutions. We empower brands to engage their audiences and elevate customer experience, using what we believe is today’s most powerful channel in an ever-competitive landscape: experiential marketing. Whether scaling together or independently, our companies strategically partner with brands and event organizers to transform business imperatives into measurable results that drive meaningful customer connections & bottom-line impact. 

www.ges.com 

www.thisisspiro.com 

www.onpeak.com 

www.showtech.ca 

www.visitcloud.com 

About Truelink Capital

Truelink Capital is a middle-market private equity firm based in Los Angeles.  Truelink pairs deep industry experience in the industrials and technology-enabled services sectors with a commitment to building partnerships that drive long-term value through an operationally focused strategy. Truelink partners with management, corporate sellers, and founders to accelerate growth through the execution of strategic initiatives and transformative add-on acquisitions.

Contacts:
Marianne Szczech
630-220-6102
mszczech@ges.com

Photo – https://mma.prnewswire.com/media/2534737/GES_Collective.jpg

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Technology

Omnex Acquires Futurepast

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ANN ARBOR, Mich., Oct. 21, 2024 /PRNewswire/ — On October 17, 2024, Omnex Engineering and Management (Omnex), an Ann Arbor, Michigan-based firm, announced the acquisition of Futurepast, Inc., an Arlington, Virginia-based company that provides greenhouse gas consulting, training, and auditing services.

Omnex president Chad Kymal stated that Futurepast will be integrated into Omnex’s Secure, Safe, and Sustain (Omnex S3) business unit, and that Futurepast’s John Shideler will assume the role of Managing Director of Sustainability Services.

According to Kymal “Omnex’s S3 and Futurepast would like to support a Net Zero World helping our customers and the world transition into a future that balances the needs of the present with those of the future. S3 and Futurepast will provide training and verification services to support Omnex’s customers’ as well as the world’s aspiration to Net Zero Carbon. In addition, Omnex S3 supports the transition to eMobility by providing product certification for Automotive Functional Safety and Cybersecurity.  Hence the collective vision and mission of Safety, Security, and Sustainability.  According to Kymal, “we are indeed fortunate to have one of the world’s experts in greenhouse gases (GHG) and Net Zero join Omnex.”

Shideler stated that, saying, “Folding the mission of Futurepast into the Omnex group will add scale to our business operations and increase the level of services available to clients. It is a win-win for our customers and for the two companies.”

In August, Futurepast achieved accreditation from the ANSI National Accreditation Board as a validation and verification body, and it serves clients across North America and globally.

Omnex has 12 offices worldwide and provides services across 40 countries globally. We are thrilled to partner with Futurepast as we aim to make a real difference in reducing companies’ carbon footprints.

View original content to download multimedia:https://www.prnewswire.com/news-releases/omnex-acquires-futurepast-302282213.html

SOURCE Omnex

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Yale Levy Joins SoloSuit to Lead Growth of SoloSettle

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SAN FRANCISCO, Oct. 21, 2024 /PRNewswire/ — SoloSuit, a legal tech startup helping consumers resolve debt collection lawsuits, has named Attorney Yale R. Levy as Director of Client Development. Levy, founder of Levy & Associates, LLC, a multi-state collection law firm, and former President of the National Creditors Bar Association (NCBA), brings decades of debt collection expertise to the company. He will focus on building partnerships with creditors, law firms, and collection agencies to promote SoloSuit’s latest tool, SoloSettle.

“I’m excited to help expand SoloSettle,” said Levy. “This innovative platform allows consumers to settle debts electronically while saving creditors significant legal costs by speeding up the process.”

SoloSettle is the first of its kind—a digital settlement marketplace designed to ease and automate the negotiation process between consumers and debt collectors. By leveraging AI and electronic communication, SoloSettle eliminates the need for direct phone conversations and court involvement, creating a frictionless and efficient way to settle debts online. Once an agreement is reached between the parties, the platform facilitates the entire process, from negotiating terms, to executing settlement documentation, to handling secure payments. SoloSettle saves time and money for both consumers and collectors, reducing the average settlement time from six months to just under 14 days.

“This is a win-win,” said George Simons, Founder and CEO of SoloSuit. “SoloSettle helps consumers settle debts affordably, while helping collectors recover debts faster and with less hassle. We’re thrilled to have Yale lead our expansion efforts.”

Under Levy’s leadership, SoloSettle has gained traction, with numerous law firms, collection agencies, and debt buyers already using the platform to resolve debts. Levy’s expertise provides a collector’s perspective, positioning SoloSuit as a trusted mediator between consumers and collectors.

“SoloSettle is not a debt settlement company,” Levy clarified. “It’s a neutral platform that streamlines the settlement process for both parties.”

Simons added, “Yale’s leadership in the collections industry is invaluable as we strengthen relationships with creditors, debt collectors, and law firms. With his help, we’ll continue to grow this innovative platform.”

About SoloSuit
SoloSuit helps consumers resolve debt collection lawsuits through web-based software. Its platform, SoloSettle, enables consumers and debt collectors to negotiate settlements online, reducing time, cost, and stress in debt resolution.

View original content to download multimedia:https://www.prnewswire.com/news-releases/yale-levy-joins-solosuit-to-lead-growth-of-solosettle-302282215.html

SOURCE SoloSuit, Inc.

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Sen. Amy Klobuchar tours American Peat Technology sites for Manufacturing Month

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Growing Aitkin-based APT creates all-natural products for agricultural, other applications

MINNEAPOLIS, Oct. 21, 2024 /PRNewswire/ — Minnesota’s senior U.S. Senator Amy Klobuchar made a visit to the facilities of American Peat Technology (APT) in Aitkin, Minnesota, on Thursday, October 17th.

Sen. Klobuchar’s visit was part of her tour of Minnesota industrial worksites in honor of Manufacturing Month.

“We were proud to show Sen. Klobuchar how emerging applications for peat-based agricultural products are putting Minnesotans to work,” said APT’s CEO Brad Pieper. “Thanks to the excellence of our all-natural products, and the growing demand for them, APT is increasingly prominent as a solver of problems in agronomy, water treatment, consumer goods, and many other areas.”

Incorporated in 2003, APT uses peat – plant matter that naturally breaks down over time in Minnesota bogs and wetlands – to manufacture natural, value-added products serving needs in areas of agronomy, water remediation, consumer product development, whiskey distilling, battery mineral processing, and more. With vast research and development (R&D) and manufacturing capabilities, APT partners with start-ups and established companies to develop and scale product solutions.

“Whether it’s converting nitrogen into useful gases for crops, or filtering heavy metals out of water impacted by mining, APT’s peat processing not only helps Minnesota’s farmers, it’s also turning Central Minnesota’s peatland into real jobs that raise our local communities up,” said Pieper.

With 40 year-round employees, a 100,000 square foot production facility, and 480 acres under permit to mine, APT is Minnesota’s largest peat harvester. It’s one of several Minnesota businesses Sen. Klobuchar visited for Manufacturing Month, during which businesses open their doors to showcase their contributions to life in the state, and to recruit new talent.

“I stopped by American Peat Technology to see how their business helps local agriculture and creates manufacturing jobs in rural Minnesota,” said Sen. Klobuchar. “Our state has long been a premier destination for innovative companies like APT, and I’ll continue working to strengthen our economic leadership.”

“We’re thrilled Sen. Klobuchar chose to come to APT,” Pieper said. “It’s the perfect opportunity to highlight our company and the great things we’re doing for the people of Central Minnesota and the world.” 

Learn more about APT at https://americanpeattech.com/.

About American Peat Technology

American Peat Technology (APT) manufactures natural, high-value all-natural products using peat harvested from Minnesota’s bogs and wetlands. As the state’s largest peat harvester, APT supports industries ranging from agronomy and water remediation to whiskey distilling and battery mineral production. Based in Aitkin, Minnesota, and offering R&D and manufacturing expertise, APT partners with start-ups and established companies alike to develop innovative, scalable solutions. Known for its nimble and science-driven approach, APT is a trusted partner that delivers custom solutions tailored to its clients’ most complex challenges.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sen-amy-klobuchar-tours-american-peat-technology-sites-for-manufacturing-month-302282221.html

SOURCE American Peat Technology (APT)

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