One of the first steps in accelerating our growth was to retain Commenda Securities as our financial adviser and investment banker. - Todd Lambert, EventSphere President & CEO
Atlanta, GA (PRWEB) January 28, 2016
The meetings and conventions outlook for 2016 and beyond is positive and continues to grow, say industry experts. EventSphere, a major meeting-planning firm, is poised to expand its brand and national footprint over the coming 24 months to capitalize on the industry’s strength. The company recently retained Commenda Securities LLC to assist with its growth strategy.
“One of the first steps in accelerating our growth was to retain Commenda Securities as our financial adviser and investment banker,” said EventSphere CEO Todd Lambert. “The firm will identify potential acquisitions of companies that could accelerate our top-line growth while also enhancing EventSphere’s customized service offering. Commenda’s expertise is its ability to identify such strategic growth opportunities and to expertly manage the process.”
EventSphere and Commenda are working together to find other strategic partners that meld with the EventSphere culture of customer service and customized choice, offering an array of services and expertise to fit each client’s needs. Commenda’s research and advisory services strengthen EventSphere’s vision for growth.
“Based on our assessment of the meetings market, the industry is highly fragmented with different firms offering a disparate array of services, making the sector ripe for consolidation,” said John Runningen, president of Commenda Securities. “With its best in class technologies and prudent growth strategy, supplemented by carefully targeted acquisitions, EventSphere can become the preferred go-to meeting and event planning solution for organizations of all sizes and needs.”
EventSphere Client Base Expands
EventSphere has been chosen to manage housing for the 2016 Democratic National Convention in Philadelphia in partnership with Akintayo Management Group. These two teams previously partnered with the DNC Convention’s housing programs in 2008 and 2012. The companies also handled housing needs for the 2013 Presidential Inauguration.
EventSphere has also established new client relationships, including its partnership with Hinman Dental Society, the Girl Scouts of the USA and the Texas Dental Association to manage the organizations’ housing registration.
“Our philosophy of custom service supported by industry-leading technology has allowed EventSphere to experience fantastic growth and build superb client partnerships across a diverse cross-section of industries,” Lambert said. “We look forward to expanding the EventSphere brand and offering additional services through organic growth as well as the smart acquisition of businesses that share our culture of offering a personalized, boutique approach that our clients appreciate.”
Founded in 2010 by industry veterans, EventSphere specializes in delivering state-of-the-art travel and reservation administration in the meeting and events industry. Services include site selection, hotel contracting and concession negotiating; event management; marketing and advertising services; onsite fulfillment and VIP program services; and attrition management.
The staff at EventSphere works to understand each client’s needs and craft effective programs and solutions to streamline the meeting planning and organization process.
EventSphere is headquartered in Atlanta and serves clients across the country and internationally. For more information about EventSphere, visit http://www.eventsphere.com or call 678-704-8724.
About Commenda Securities LLC
Commenda Securities LLC is the broker-dealer subsidiary of Commenda Capital, a financial advisory and merchant banking firm that assists management teams with the tools, contacts and business strategies critical to growing their businesses. To fund this growth, the company has access to capital from private equity groups, venture capital firms, family offices, foundations, hedge funds, individuals and institutions.
Founded in 2011, and based in Atlanta, Commenda works with middle-market companies that have compelling products, services or technology. Commenda develops and funds efficient business models that can create operating synergies and serve as a solid platform for accelerating growth.
For more information about Commenda Capital, visit http://www.commendacapital.com or call 770-858-0085.