UBM in £3m-plus swoop for US shows Catersource and Event Solutions

UBM has acquired a 70% equity stake in Catersource and its sister show Event Solutions for over £3m ($5m).

UBM has acquired a 70% equity stake US show Catersource and its sister show Event Solutions
UBM has acquired a 70% equity stake US show Catersource and its sister show Event Solutions
The show will become part of UBM Live, adding to its portfolio of events within the food and leisure industries.

All 13 of Catersource’s employees and founder Michael Roman and his partner Kelvin Lee will remain with the business.

"We see strong opportunities to grow the brand by leveraging our US and worldwide events infrastructure, as well as driving synergies with other UBM events," said UBM Live chief executive Simon Foster.

"We are delighted that Kelvin Lee, Mike Roman and their team will be joining UBM Live."

Catersource and Event Solutions attracted over 10,000 visitors this year, and takes place in Las Vegas.

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