It should come as no surprise to Florida boating enthusiasts that the 57th annual Fort Lauderdale International Boat Show (FLIBS), which was held in November, and the more recent Yachts Miami Beach, were a resounding success for exhibitors, attendees, and as usual – the local economy.
What may be a little more surprising was the announcement that the two popular yachting events were among five boat shows to be recently acquired by new owners. In a deal that was said to be five years in the making, Show Management, the longtime producer of the Fort Lauderdale International Boat Show, has been acquired by the London-based global exhibitions company Informa, in a $133 million deal.
Informa is the parent company of the world renowned Monaco Yacht Show (MYS). Along with FLIBS and Yachts Miami Beach, in the deal, Informa also acquired the Palm Beach International Boat Show, the St. Petersburg Power and Sailboat Show and the Suncoast Boat Show in Sarasota.
In a statement to the press, Charlie McCurdy, CEO of Informa’s global exhibitions unit, said, “With this acquisition, Informa Exhibitions becomes the world’s leading yacht show organizer. Combining the world’s premiere show, based in Europe, [MYS] with these five shows in North America creates a scale player in this attractive and growing [segment], further strengthening our relationship with leading yacht brokers and builders.”
New Management for a Premier Yachting Event
FLIBS has rightly been called the premier yachting event in the United States, bringing more to the local economy than a super bowl.
Show Management was founded in 2002 by Efrem Zimbalist III. The organization has managed its three South Florida boat shows through contracts with their respective owners. For example, FLIBS and Palm Beach International Boat Show, are respectively owned by trade groups Marine Industries Association of South Florida, and the Marine Industries Association of Palm Beach County. Yachts Miami Beach was co-owned by Show Management and the International Yacht Brokers Association.
Contracts between Show Management and the respective owners run through 2042 and beyond. Zimbalist said that Informa plans to retain Show Managements employees and the company’s name, which has global recognition. He added that the time was “just right to sell Show Management,” and “We can think of no better company than Informa to focus on the continued growth and success of the five Florida boat shows and other events currently produced by Show Management.”
Upcoming Boat Shows and Events
26 North Yachts has always been proud to be part of our area’s premier boating events. Many visitors stopped by to see the motor yachts for sale we had on display at both FLIBS and Yachts Miami Beach, and in the weeks ahead we expect to be doing some sea trials based on interest generated at the shows.
We now look forward to our area’s next big yacht show event, the 32nd Annual Palm Beach International Boat Show, March 23-26, 2017, and what the new management may bring to the table.
It’s not always easy to stay on top of what’s new in motor yachts. If you would like to benefit from our expertise in these areas, or if you have any questions or comments about this blog post, do not hesitate to contact our Sales Specialists, or call us at (855) 318-6328.