PSAV, an events company that is backed by Blackstone, has acquired FMAV, a Canadian audiovisual and live event production company. No financial terms were disclosed. JEGI, an investment bank focused on the the global media, information, marketing, software and tech-enabled services sectors, represented FMAV on the deal. FMAV was a portfolio company of IronBridge Equity Partners.
New York, NY, October 26, 2018 – PSAV, a global leader in event experiences, is pleased to announce the acquisition of FMAV, a leading audiovisual and live event production company in Canada. The transaction allows PSAV to continue building upon its purpose of Connecting and Inspiring People by expanding the breadth of its capabilities, particularly in the live event production business in Canada. Terms of the transaction were not disclosed.
JEGI (www.jegi.com), the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors, headquartered in New York, NY, represented FMAV in this transaction.
FMAV was founded more than 40 years ago and has won numerous industry awards, including multiple Canadian Special Events and ILEA awards. The FMAV team provides extensive creative production services for galas and special events, conferences and conventions, corporate meetings, outdoor events, and hotel venues. FMAV has a celebrated customer base throughout Canada’s major metropolitan areas who rely on the company’s services to engage their audiences.
The company, now a wholly-owned subsidiary of PSAV, will continue to operate under the well-known and highly respected FMAV brand name. FMAV CEO Bill Brown and his senior team will remain in place and continue to execute on their growth plans, now in partnership with PSAV.
“FMAV is an ideal addition to the PSAV group of companies due to its event production expertise and strong alignment to our purpose and mission,” said Mike McIlwain, CEO for PSAV. “Bill is an exceptional leader who has built the FMAV business and team into an industry leader across Canada. I am excited about what this means for PSAV, and more importantly our customers, as we continue to focus on more ways to create amazing event experiences in many different types of locations.”
“We are certainly familiar with PSAV and its long-standing history as a leader in the event experience industry, not just in Canada, but across the globe,” commented Bill Brown. “The entire FMAV family is eager to be joining forces with PSAV and establishing more impactful ways of serving our collective customer base.”
FMAV is the audiovisual and event technology company for people who plan meetings and live events. FMAV has more than 250 staff across Canada with offices from coast to coast, including Vancouver, Calgary, Edmonton, Toronto, Ottawa, Montreal and Halifax. For more information, visit https://fmav.ca/.
The Ironbridge team of eleven investment professionals invests in Canadian lower middle-market businesses operating in a broad range of industries including manufacturing, distribution, and consumer and business products and services. Ironbridge has extensive financial and operating experience and works closely with the management of its portfolio companies to enhance value. For more information, visit http://ironbridgeequity.com/.
PSAV is a global leader in event experiences, providing creative, production, advanced technology and staging services to help meeting professionals deliver more dynamic and impactful experiences at their meetings, trade shows and events. The team consists of more than 9,000 professionals across 1,500 on-site venue locations and 49 branch offices within the United States, Canada, Mexico, Europe, the Caribbean, and the Middle East. It is the trusted partner and exclusive on-site provider of choice at leading venues worldwide. PSAV was recently named to the Forbes 2018 America’s Best Employer list. The company is headquartered in Schiller Park, Ill. For more information, visit www.psav.com.
JEGI has been the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors for over 30 years. Headquartered in North America, with offices in New York City and Boston, as well as London and Sydney (through its partnership with CLARITY), JEGI has completed more than 600 high‐profile M&A and financing transactions, serving global corporations; middle‐market and emerging companies; entrepreneurial owners and founders; and private equity and venture capital firms. For more information, visit www.jegi.com.