H.I.G. Capital has helped form Epic Production Technologies, by sponsoring the merger of Q1 Production Technologies (Canada) and Ed & Ted’s Excellent Lighting (Los Angeles). No financial terms were disclosed for the deal, which creates a single provider of lighting systems for concert tours, theatrical productions and corporate and special events.
H.I.G. Capital, a leading global private equity firm, today announced a strategic investment in Epic Production Technologies (Epic). Epic was formed through the merger of Q1 Production Technologies (Q1) and Ed & Ted’s Excellent Lighting (Ed & Ted’s), two leading providers of lighting systems for concert tours, theatrical productions and corporate and special events.
Canadian-based Q1 provides a comprehensive range of lighting equipment rentals, and also sells and integrates a huge variety of lighting, audio and production-related equipment for permanent theater and entertainment installations throughout the world. Q1 has played a role in some of the most prestigious, complex and innovative productions including Disney’s The Lion King, Tony Award winning musicals Showboat and Ragtime and the XV Winter Olympic Games. Ed & Ted’s, based in Los Angeles, also provides lighting rental and production services, and has particular expertise in the live concert industry, with clients including Bon Jovi, The Eagles, Alanis Morissette, Blue Man Group and Green Day. The combination of Ed & Ted’s major presence in the concert touring market and Q1’s depth of experience in both live theater and system integration brings together two of the most highly recognized teams of experts in the field of lighting and production for the event and live entertainment industries.
H.I.G. partnered with management to consummate the transaction. “We are pleased to work with H.I.G. to leverage their experience growing private businesses. The recapitalization of Epic improves our equipment acquisition ability and allows us to expand and better serve our international client base,” said Marc Raymond, the Chief Executive Officer of Epic. “We believe that Epic is well-positioned to succeed in this evolving industry. We intend to actively support the Company as it continues to grow its business,” said Elliot Maluth, Managing Director of H.I.G. Capital.
About H.I.G. Capital:
H.I.G. Capital is a leading global private equity investment firm with more than $7.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding, H.I.G. invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes companies with combined revenues in excess of $7 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.