In 2011, IHFC Acquisition Co. bought the IHFC for $275 million. Bassett Furniture Industries was that company's largest stockholder. SEC reports from Bassett showed a connection with The Related Cos., an investor in World Market Center. The Related Cos. was rumored to be part of a deal which would bring most of High Point's showroom space under one owner, and there were fears that the industry would move more activity to Las Vegas. At a press conference May 3, 2011, World Market Center CEO Bob Maricich and other officials of a new company announced the consolidation of what had been competing showroom facilities. International Market Centers (IMC), owned by Bain Capital and Oaktree Capital, with headquarters in both High Point and Las Vegas, bought the IHFC, Market Square and Showplace, representing about two-thirds of the city's showroom space.