SKYLINE AND TRADETEC HAVE BEEN ACQUIRED BY GEMSPRING CAPITAL
Prestwick is pleased to announce the sale of Skyline Displays and its largest independently-owned dealer, Skyline TradeTec (collectively, “Skyline”), to Gemspring Capital, a Connecticut-based private equity firm. Prestwick acted as the exclusive advisor to Skyline and its private equity owner, Invision Capital. The terms of the transaction were not disclosed.
Skyline (www.skyline.com), headquartered in Eagan, Minnesota, is a provider of trade show displays, exhibits, and ancillary services. Skyline offers a comprehensive array of products, ranging from portable displays to modular exhibit systems and fully-customized exhibits, all of which capture the full lifecycle of customers’ trade show requirements and appeal to companies of nearly every size and budget. Critical to Skyline’s success has been leveraging its market leading exhibit and display design and manufacturing capabilities into the provision of related trade show services, such as asset management, installation and dismantling and equipment rentals. The Company has over 600 employees and serves its customers through a network of 27 Skyline-owned retail centers and 45 Skyline-branded independent dealers.
Gemspring Capital, a Westport, Connecticut-based private equity firm with $355 million of capital under management, provides equity capital to growing lower middle market companies headquartered in the United States and Canada. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Gempsring targets companies that have up to $350 million in revenue and are in the business services, industrial services, software, media, or specialty manufacturing sectors.