Chicago-based full-service meeting and event agency Minding Your Business today announced that it has sold its DMC In the Loop-Chicago to the current management team of Bart Louhi, CEO, and Andrew Schorr, general manager.

In the Loop-Chicago handles nearly 20 DMC programs a year, which generate roughly $5.5 million in revenue, the company reports. In the Loop-Chicago appears on this year's "25 Top DMCs" list, published by Special Events Magazine.

Among its noteworthy events this year, the company took guests on a tour of Chicago's Field Museum with 20-foot projections at a black-tie gala, followed by a closing-night party at the Museum of Science and Industry that harkened back to the 1933 World's Fair.

“We are excited that this transition will provide new opportunities for both companies,” Louhi said in a statement. "ITLC has grown into an independent organization that continues to positively impact the destination services market in Chicago. "