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21 May 2018

Clarion Energy Strengthens Power & Energy Series Proposition

Clarion Energy
Clarion Events, one of the world's leading event organisers, has announced the acquisition of PennWell Corporation, a privately-held events and business-to-business media and marketing services company based in Tulsa, Oklahoma, USA. PennWell comes with a rich pedigree, producing both events and publications considered to be industry-leading in the Power & Energy domains.

Clarion Energy MD Duncan Reid said: “We are delighted to welcome PennWell, including their events: DistribuTECH, DistribuTECH Africa, Electrify Europe, HydroVision, ICCI, POWER-GEN Africa, POWER-GEN Asia, POWER-GEN International and Waterpower Week to the Power and Energy Series from Clarion Energy, creating a World Leading portfolio of events.”

Clarion Energy runs over 40 events that cover the Oil, Gas, Power and Energy sectors making it one of Clarion Events largest portfolios. The portfolio covers power generation, transmission and distribution, through to capital markets and investment through to resource extraction and processing in both mature and emerging geographies.

The addition of the above events strengths the Clarion Energy-produced Power and Energy Series which already comprises  the ‘Utility Week’ events taking place across Africa, Asia, Australia and Europe. Future Energy East Africa & Future Energy Nigeria complete this list of nonpareil Power and Energy events produced by Clarion for the sector.

"This deal delivers significant benefits for both companies" said Clarion's Executive Chairman Simon Kimble.  "PennWell's roster of market-leading events strongly enhances Clarion's portfolio.  Our global network and depth of resources will further strengthen PennWell's offerings, enhancing opportunities for growth and expansion across North America and globally."

With 550 employees, PennWell organizes and manages more than 40 exhibitions and conferences around the world. The company also has 130 media properties and provides quality content and integrated marketing solutions for industries that include energy, fire and emergency services, dental and industrial technology.

PennWell President and CEO Mark Wilmoth said, "Clarion has market-leading brands that are complementary to PennWell's, and an enviable presence across Europe, Asia, Africa and the Middle East.  Merging with Clarion will enhance our offerings to the worldwide customers of PennWell's diversified portfolio of events, including the POWER-GEN series, DistribuTECH for electricity distribution, and FDIC for the fire market, as well as media brands such as the Oil & Gas Journal."

Clarion is owned by funds managed by Blackstone, one of the world's leading investment firms.  PennWell was represented in this transaction by JEGI (www.jegi.com), the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors.


About Clarion Events
Clarion Events operates over 180 events in 50 countries from 15 offices in the UK, the US, South Africa, Brazil, Germany, Singapore, UAE, Indonesia, Hong Kong and the Netherlands.  Clarion can trace its roots back to 1947 and takes great pride in being one of the oldest independent event organizers in the UK.  More recently the firm has developed an international portfolio of brands and now has interests in a number of global vertical industries including energy, security and defense, electronics, technology, fashion, retail, gaming and marketing. The teams at Clarion create uniquely effective and stimulating environments that can serve as a platform to build businesses, enhance customer relationships and accelerate product awareness. Learn more at www.clarionevents.com.

About PennWell Corporation
Founded in 1910 in Tulsa, Oklahoma, USA, PennWell Corporation is a privately held and highly diversified business-to-business media and conference and exhibition company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater, lasers and optoelectronics, fiber-optics and cable, aerospace and avionics, LEDs and lighting, fire and emergency services, and dental.  PennWell publishes over 130 print and online magazines and newsletters, conducts 40 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services.  In addition to PennWell's headquarters in Tulsa and several other US locations, the Company has two major offices in London, England.

About Blackstone
Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $430 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact:

Tom Fisher
Telephone: +44 (0)20 7384 8215

Email: tom.fisher@clarionevents.com

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What our clients say...

  • POWERGEN India & Indian Utility Week covers generation, transmission, distribution and utilization of power in their conventional and futuristic formats, in the perspective of environment and economics, shifts in government policies and regulatory framework... It is a “Must Attend” annually for everyone associated and concerned with power and energy
    P.K.Patnaik
    Ardeeg Project Ventures Pvt. Ltd