Infocommerce Partners Holdings, LLC, a Boston-based private equity firm, in conjunction with its affiliated fund Infocommerce Capital I, L.P. and Siguler Guff of New York City, are pleased to announce they have completed the merger of Fourth Wall Events with WorldTek Events while simultaneously funding the acquisition of McVeigh Associates. The combined entity will re-brand as McVeigh Global Meetings and Events, LLC (“MGME”). Infocommerce Partners led the transaction, with debt and equity participation by Siguler Guff, and equity participation by company management. Financial terms were not disclosed.
The combination of the three companies will give MGME market leading expertise in event and meeting management and the resources to serve its global customer base. MGME’s diverse customers include professional associations, and industry leading pharmaceutical, energy, and financial services companies. Jeff Guberman, former President of Fourth Wall Events, has been appointed CEO of MGME and will lead the combined team to execute on a strategy focused on a mix of internal growth and complimentary add-on acquisitions.
“Merging these three companies will help them fully leverage their complementary skills and service offerings, while also creating a company in the industry’s sweet spot: large enough to dependably deliver a full suite of event and meeting services, while still small enough to offer customized and personalized service to its clients,” said Martin Madden, President of Infocommerce Partners.
“ICP’s investment accelerates MGME’s ability to offer a truly complete set of services to our clients,” said Guberman. “The team at ICP stands out for its deep industry expertise and hands on operational support. As a management team, we are excited about the partnership.”
Mark Denomme, Managing Director of Siguler Guff, commented that, “We are pleased to have participated in this transaction, which brings together three well-established and successful companies and unites them under a strong management team to create a true full-service industry player with significantly expanded geographic reach.”