MidOcean Partners Announces Acquisitions and Merger of Hanley Wood and Meyers Research

Creates Leading U.S. Residential Construction Information Services Platform

Expanded Data Offering Will Drive Significant Value for Customers

NEW YORK — MidOcean Partners (“MidOcean”), a premier middle market private equity firm focused on the business services and consumer sectors, announced today its acquisitions and merger of HW Holdco, LLC (“Hanley Wood”), the leading B2B media and information services company serving the U.S. residential construction industry, and Meyers Research, LLC (“Meyers Research”), the leading provider of real-time market data and advisory services to the homebuilding industry, which was previously a subsidiary of global real estate investment company Kennedy Wilson (NYSE:KW). The merger creates one of the residential construction industry’s most comprehensive information and advisory services platforms.

Through Metrostudy and Zonda – the respective data products of Hanley Wood and Meyers Research – the combined company will offer data spanning the full homebuilding lifecycle, from land acquisition and property development and build, to new home sales and marketing. In addition to having access to a comprehensive data solution, customers will benefit from shared insights through Meyers Research’s advisory business, as well as Hanley Wood’s leading B2B media portfolio and sophisticated marketing services capabilities.

The combined company will be led by CEO Jeff Meyers, founder and President of Meyers Research, who brings over 30 years of industry experience to the role. Prior to forming Meyers Research in 2006, Mr. Meyers led Hanley Wood Market Intelligence, the predecessor to Metrostudy. “Today marks a historic moment for Hanley Wood and Meyers Research. I am thrilled that our organizations have come together as one and look forward to working with these talented teams to continue to push the boundaries of innovation in our industry. The combination of these complementary offerings will enable us to accelerate new product development and deliver the most robust capabilities and services in the industry to our customers,” commented Meyers.

Mr. Meyers will be joined by an experienced management team from both Hanley Wood and Meyers Research. Peter Goldstone, current Hanley Wood CEO, will work to help ensure a smooth and successful transition. Goldstone commented, “My 18 years at Hanley Wood have been incredibly rewarding and exciting. It has been an honor to work with all of the outstanding professionals that have made Hanley Wood a company that is respected by all, both within the construction and design markets, and the broader B2B information and media landscape. The past chapter has been one of growth and transformation, positioning Hanley Wood to thrive and expand in the future.”

Barrett Gilmer, Managing Director of MidOcean, commented, “We are excited to bring together two of the premier players in the residential construction data industry. This transformational merger creates a significantly expanded offering for customers and provides for greater benefits and growth opportunities than either company could have achieved alone. Additionally, we are thrilled to partner with a seasoned industry executive in Jeff Meyers, and believe that he is uniquely qualified to drive incremental insights for customers given his leadership roles at both Metrostudy and Zonda.”

MidOcean has maintained a longtime institutional focus on the B2B information services space, including through its current investment in Questex and its prior investment in Penton. MidOcean’s industry knowledge and significant operating resource talent, including David Kieselstein, Chairman of MidOcean’s Executive Board and former CEO of Penton, will be valuable in successfully executing the company’s strategic growth plan.

MidOcean will be the controlling shareholder of the combined company, and Kennedy Wilson will retain a minority ownership position. Other financial terms of the transaction were not disclosed.

Gibson Dunn & Crutcher LLP acted as legal advisor to MidOcean. Evercore served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Hanley Wood. Vaquero Capital served as financial advisor and Latham & Watkins, LLP acted as legal advisor to Meyers Research.

About Hanley Wood

Hanley Wood is a premier company serving the information, media, and marketing needs of the residential, commercial design and construction industry. Utilizing the largest analytics and editorially driven construction industry database – powered by Metrostudy – the company provides business intelligence and data-driven services. The company produces award-winning media, high-profile executive events, and strategic marketing solutions. To learn more, visit hanleywood.com.

About Meyers Research

Meyers Research is the housing industry’s leading provider of rich data for residential real estate development and new home construction and a leading advisor to the real estate development industry. Headquartered in Costa Mesa, CA, the company developed the innovative Zonda iPad application geared for homebuilders, multifamily developers, lenders and financial institutions to analyze the latest housing market trends and inform the strategic thinking behind its premier consulting practiceTo learn more, visit meyersresearchllc.com.

About MidOcean Partners

Established in 2003, MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. The focus of the private equity funds has been on high-quality middle market companies with attractive strategic, operational and financial growth opportunities in the consumer and business services sectors. Since inception, MidOcean has managed five private equity funds totaling $5 billion. MidOcean Credit Partners was launched in 2009 and manages approximately $8 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of September 30, 2018. For more information, please visit MidOcean’s website (www.midoceanpartners.com).

Contacts

MidOcean Media Relations
Nathaniel Garnick/Amanda Klein
Gasthalter & Co.
212-257-4170
midocean@gasthalter.com

MidOcean Investor Relations
MidOcean Partners
IR@midoceanpartners.com

NADRA Announces Deck Safety Campaign

This year, Hanley Wood is a Bronze Level sponsor of the trade association’s efforts to make new and existing decks safer.

In the spring, with warm weather slowly spreading northward, more and more people refocus on outdoor living and resume using their decks. That’s one of the reasons why NADRA has designated May as its official Deck Safety Month. The campaign goal is to educate consumers, industry professionals, and inspectors about proper deck installation, and to promote the importance of annual inspections. To help in those efforts, NADRA has set up a deck safety page on its website, where you can find an easy-to-follow 10-point safety checklist for homeowners, a longer deck evaluation form (including an online version) and training for pros and home inspectors, and links to its deck safety ambassador program, introduced last year. By the way, Hanley Wood (the parent company of PDB) recently announced that it is a Bronze Level sponsor of the program. You can learn more about the program and sponsorship opportunities here.

Read the original article here.

 

 

Hanley Wood Agrees to Sell Exhibitions Business to Informa

Hanley Wood Agrees to Sell Exhibitions Business to Informa 

Parties to Enter Into Long-Term Partnership Agreement

WASHINGTON, D.C., November 18, 2014 – Hanley Wood, the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries, announced today that it has reached an agreement to sell its Hanley Wood Exhibitions business to Informa PLC, a UK-based publishing and events company that operates in more than 40 countries and is one of the world’s leading knowledge providers. The sale is subject to customary regulatory review and is expected to close by the end of 2014. Upon the closing of the transaction, the Exhibitions business will be rebranded Informa Exhibitions US and will maintain its headquarters in Irving, TX under the continued leadership of Rick McConnell as President, Informa Exhibitions US, Construction and Real Estate.

“Since 2000, Hanley Wood Exhibitions has led the industry as a best-in-class producer of tremendously vital and successful events,” said Peter Goldstone, Hanley Wood’s Chief Executive Officer. “Informa recognized the power and value of the trade show business we’ve built over the years. Informa has an exciting, long-term strategic vision for the Exhibitions business and how it fits within its international operations and its existing portfolio of construction and real estate events. It will be a great home for its customers and employees.”

Mr. Goldstone added, “Part of the reason that Informa was interested in this transaction was the excellence of the management team and employees, and I personally want to thank all the outstanding employees of Hanley Wood Exhibitions for their dedication and hard work for so many years. I have cherished working with them during these past few years, and I offer my heartfelt appreciation and best wishes for the future.”

“We are very excited about the addition of such an outstanding trade show business,” said Stephen A. Carter, Group Chief Executive of Informa. “This is a terrific portfolio of leading construction exhibition brands that will become a key component of our Global Exhibitions Division. In combination with other recent acquisitions, we have significantly strengthened our presence in the U.S., demonstrating our commitment to the sector and the region.”

Hanley Wood and Informa PLC will enter into a long-term partnership agreement under which Hanley Wood will continue to provide editorial and marketing support for Exhibitions events. “This partnership agreement will allow Hanley Wood Media to maintain its role as the official media and information provider to the various events we have supported for many years,” said Goldstone. “At the same time, our shared customers, business partners and attendees will benefit from the continued collaboration between the two companies.”

About Hanley Wood

Hanley Wood is the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries. Utilizing the largest editorial- and analytics-driven construction market database, the company produces powerful market data and insights; award-winning publications, newsletters and websites; marquee trade shows and executive events; and strategic marketing solutions. To learn more, visit www.hanleywood.com.

About Informa PLC

Informa operates at the heart of the Knowledge and Information economy. It is one of the world’s leading business intelligence, knowledge and events businesses with more than 6,000 employees in over 100 offices across 25 countries. To learn more, visit www.Informa.com.

Key Sponsors: Mosaic Color & Additives + Hanley Wood

Mosaic Color & Additives and Hanley Wood: Key Sponsors for 2012 Decking Conference

August 06, 2012 | Principia is pleased to announce Mosaic Color & Additives as the full program sponsor and Hanley Wood as the exclusive media sponsor for its 9th annual conference on Composite Decking and Railing, formerly WPC: Wood-Plastic & Natural Fiber Composites Conference. This year’s event is on October 22-23, 2012 at JW Marriott Buckhead, Atlanta, GA.

The conference covers the latest developments for decking and railing with a focus on synthetic decking and railing including composites, cellular PVC and vinyl. Exhibit space and sponsorships are still available. For more information on the program and exhibit & sponsorship opportunities visit the conference website by clicking below.

http://www.deckrailconference.com/

Remodeling Show/DeckExpo Saw Growth & Optimism

Dallas, TX – November 2, 2010 | The 2010 Remodeling Show and DeckExpo, held September 15 – 17 at the Baltimore Convention Center in Baltimore, MD, exemplified the growing optimism in the residential remodeling and deck building industries. The Remodeling Show is officially sponsored by the National Association of Homebuilders (NAHB), NAHB Remodelers and Remodeling Magazine. DeckExpo is officially sponsored by the North American Deck & Railing Association (NADRA) and Professional Deck Builder Magazine.

The 2010 events had 318 total exhibitors, 35% of which were new this year. The show covered 86,700 net square feet with a total attendance of 5871, a 12% increase over 2009. Attendees traveled from 45 states and 14 countries to the shows representing a mix of residential and commercial remodelers, deck builders, custom home builders, specialty and replacement contractors, architects and designers.

“The shows represent what is taking place in the remodeling and deck building industries. Contractors and manufacturers who demonstrate resiliency and innovation are seeing measured growth in a quickly evolving marketplace,” stated Amy Allen, Director of the Remodeling Show, DeckExpo and JLC LIVE. Along with an increase in attendance, there was a shift in attendee demographics. “I have attended every show since 1991,” stated Bob Hanbury from House of Hanbury Builders in Connecticut. “I noticed a younger crowd that had more questions and showed interest in understanding the issues. The show is definitely evolving.”

Continue reading “Remodeling Show/DeckExpo Saw Growth & Optimism”