Diversified Communications, known for aggressive growth completing 20 acquisitions since 2007 and launching over 60 events since 2004, is maintaining its pace in 2014. The company announces its first acquisition of the year, Kavin Intertrade Co. Ltd., located in Bangkok, Thailand. Kavin, established in 1999, has become a leading international exhibition organizer in Thailand. This acquisition adds 7 events, both business and consumer, to Diversified’s event portfolio; and establishes a new operating division in Thailand, which joins divisions in Australia, Canada, Hong Kong, India and the UK, and adds 20 employees, bringing Diversified’s total global staff to 740.
“It is exciting to kick off the New Year with an acquisition that brings us to a new region and even more impressive when we consider the ten product launches planned for 2014 and the five acquisitions we closed in 2013.” stated Daniel Hildreth, Chair of Diversified’s Board of Directors, “This is all part of a long-term growth strategy, now being finessed and driven by Ted Wirth, Diversified’s President and CEO.
In 2013, Diversified grew their portfolio of events, eMedia and publications in seven of fifteen business sectors served: Business management, food and beverage, 3D technology, retail, natural and organic, healthcare and commercial marine. The most substantial growth being in the business management sector with the acquisitions of The Accounts Payable Network (TAPN) and The Accounts Receivable Network (TARN) in addition to the Institute of Finance & Management ( IOFM) portfolio of products. The 10 product launches planned in 2014 will further expand the company’s geographic reach and diversify how they serve the technology, food and beverage, natural and organic, healthcare and commercial marine industries.
“Our growth strategy to further the company’s diversification of risk through events serving different industries, in different geographies, with different formats; and launching to broaden the scope of our operations and provide further diversification in these areas has been our practice for the last decade,” Ted Wirth elaborated, “All this growth isn’t possible without our talented and ever growing staff who are dedicated to our new products and services and evolving our existing products to meet the needs of the ever-changing markets we serve.”
Investment in its people is a priority for Diversified. The company’s growth rate for the past five years has been increasing. They grew their staff by 25 percent in 2012 and 10 percent in 2013. In addition to new hires, Diversified often welcomes the experts already on board when it acquires products and companies, whether maintaining a new office, allowing employees to work from home or relocating them to the division responsible for the newly acquired entities.
In the midst of these investments, Diversified’s Board of Directors promoted Ted Wirth to President & CEO and Matt Pearce to International Director, following the retirement of Diversified’s previous President and CEO, Nancy Hasselback, in June. Mr. Wirth, previously the Vice President of Business Development, hired Oakley Dyer as the Vice President of Business Development and Mr. Pearce, formerly Managing Director of Diversified’s Australia division, hired Neil Kafer, as General Manager for Australia. They join a strong management team that has been developed over the years which ensures continued stability of the company.
“As they have in the past, our Board of Directors put the right people in place and quickly got out of their way” said Paul Clancy, CFO and Executive VP of Diversified Communications, “Ted was already an integral part of our growth and diversification strategy as the VP for Business Development and due to this, his talent and nature, and the full support he received from the Board and management teams already in place, he smoothly transitioned into his new role while keeping the pace of our growth on target financially and in terms of diversification.”
With ten product launches and a new division to integrate, in addition to producing 100 established trade and consumer events and conferences, six monthly trade publications, and fifteen eMedia products and eNewsletters, the company is looking forward to another year of growth and evolution, with a talented and growing staff, proven leadership and a dedicated management team.
Diversified Communications is a leading international media company providing market access, education and information through global, national and regional face-to-face events, eMedia, publications and television stations. Diversified serves a number of industries including: seafood, food service, natural and organic, healthcare, commercial marine, and business management. Based in Portland, Maine, USA, Diversified has divisions in the Eastern United States, Australia, Canada, Hong Kong, India, Thailand and the United Kingdom. For more information, visit: https://www.divcom.com