CHICAGO — Information markets“South Florida Ventures has acquired the Newport International Boat Show (NIBS) of the Newport Restaurant Groupadding the show to its growing portfolio of boating and yachting related events.
NIBS is a premier boat show in the Northeast region of the United States with over 600 exhibitors and the largest on-water expo in New England. The show has been in the city for 53 years and spans over 13 acres of downtown Newport, Rhode Island, while showcasing power and sail boats, marine accessories, products and services.
The partnership between South Florida Ventures and NIBS will help grow the NIBS brand and mark the first Northeast addition to South Florida Ventures’ boat portfolio. South Florida Ventures and NIBS will also provide a seamless experience for attendees and increase value for participating companies. Both entities have focused on strategies to create a premier boat show experience and elevate industry standards through their partnership.
“We are thrilled to welcome NIBS to the South Florida Ventures family,” said Andrew Doole, President of U.S. Boat Shows at South Florida Ventures. “NIBS is an exceptional show, reflecting the vibrancy of the Northeast boating community. This partnership signifies a true collaboration, driven by a shared dedication to customer satisfaction, community and a mutual interest in the future growth of NIBS and its brand.”
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The acquisition comes as South Florida Ventures continues to rapidly expand with more launches and acquisitions in the luxury sector. Already the producer of Discover Boating Miami International Boat Show, Fort Lauderdale International Boat Show, Palm Beach International Boat Show and others, the South Florida Ventures team aims to take NIBS to the next level.
“South Florida Ventures is the ideal partner to lead the Newport International Boat Show into its next evolution. This collaboration ensures that NIBS will maintain its recognized quality while having access to innovation, knowledge and cutting-edge technology, enriching the exhibitor and attendee experience. We look forward to welcoming everyone to an even greater 2024 show in September,” said Lisa Knowles, NIBS Show Director.
Details of the sale were not disclosed.
NIBS 2024 will take place September 12-15 on the downtown Newport waterfront, with tickets going on sale to the public June 1.
Contact Andrew Doole at Andrew.Doole@informa.com