International Market Centers Completes Acquisition of Atlanta Decorative Arts Center
LAS VEGAS, NV, HIGH POINT, NC and ATLANTA, GA – (November 12, 2018)—International Market Centers (IMC) announced today that the acquisition of the Atlanta Decorative Arts Center (ADAC), a leading design center housing the Southeast’s largest collection of luxury furnishings for residential, hospitality and commercial applications, has closed. The ADAC acquisition follows the previous merger between IMC and AmericasMart Atlanta earlier this year. Financial terms of the transaction were not disclosed.
Opened in 1961 in Atlanta’s Buckhead district, the 550,000-square foot ADAC property houses more than 60 showrooms and 27 design studios open to interior designers, architects, builders and design enthusiasts. ADAC is a preferred destination for the southeastern design community and features a curated mix of premium furniture, fabrics, rugs, wallcoverings, antiques, accessories, kitchens, bath and tile products presented by top manufacturers.
Katie Miner, who has served as ADAC general manager since 2012, will continue in her current role under IMC ownership. Robert Maricich, IMC Chief Executive Officer, will lead the combined entity.
“Since the announcement of the acquisition, we have received a tremendous amount of positive reaction from the design community,” Miner said. “Our new path under IMC ownership represents an exciting new phase for ADAC and we’re looking forward to our next stage of growth and service to the design community.”
“We are pleased to officially welcome ADAC to the IMC family,” said Maricich. “ADAC is a valuable partner and trusted resource for many of the nation’s most respected designers and is a dominant force in the southeastern design community. We anticipate continued success and growth under Katie’s leadership and welcome this addition to our design community franchise.”
ADAC will continue to operate under its long-standing branded identity. Together with AmericasMart, it constitutes an IMC Atlanta presence of more than 7.7 million square feet of wholesale and design product resources. IMC is the world’s largest owner and operator of trade mart properties encompassing more than 20 million square feet of facilities serving the global home furnishings, design and fashion apparel sectors in Atlanta, Las Vegas and High Point, N.C.
ABOUT INTERNATIONAL MARKET CENTERS
IMC, which Blackstone and Fireside Investments acquired in 2017, is the world’s largest owner and operator of premier showroom space for the furnishings, home decor ,gift and apparel industries, with 20 million square feet of world-class exhibition space in High Point, NC, Las Vegas, NV and Atlanta GA catering to over 8,500 exhibitors and lines. The Company’s mission is to build and operate an innovative, sustainable, profitable and scalable platform for the furnishings, home decor and gift industries. For more information please visit www.imcenters.com.
ABOUT ADAC
ADAC is a community-focused, nationally-recognized leader in the world of interior design and home fashion, built over 50 years ago by renowned architect and developer John Portman. For a half-century it has served as the essential one-stop shopping resource for interior designers, architects, and builders. The ADAC campus consists of 550,000 square feet with over 60 showrooms offering 1,200 of the industry’s finest product lines including furniture, fabric, rugs, lighting, accessories, floor and wall coverings, antiques, fine art and framing, kitchens, bath, tile and stone, and home theater products. Likewise, ADAC’s extensive services include custom designs such as framing, electronic systems, faux-finishing, and draperies. In addition, signature industry presentations, celebrity and media events, educational programs and networking opportunities held throughout the year make ADAC truly a one-of-a-kind, design destination. To learn more, visit www.adacatlanta.com. For upcoming events, visit www.adacatlanta.com/events.
MEDIA CONTACTS
International Market Centers
Karen Olson
+1-336-821-1502
[email protected]
ADAC
Tara Murphy or Morgan Rabby
360 Media, Inc.
+1-404-577-8686
[email protected]
