Frischkorn Audiovisual Inc, a portfolio company of Canadian mid-market private equity firm Ironbridge Equity Partners, has agreed to buy Mediaco AV Inc, an audiovisual and technical event specialist with offices across Canada. The financial terms of the transaction were not disclosed. Frischkorn, which following the acquisition will be known as Frischkorn-Mediaco, said the strategic union will enhance competitive positioning in an evolving audiovisual production landscape and create new growth opportunities, among other benefits. Based in Mississauga, Ontario, the company received an investment from Ironbridge in October 2013.
Frischkorn Audiovisual Inc. and Mediaco AV Inc. announce a definitive agreement under which Frischkorn acquired Mediaco to become Frischkorn-Mediaco.
(Toronto – September 30, 2014) Ironbridge Equity Partners (“Ironbridge”) is pleased to announce that its portfolio company, Frischkorn Audiovisual Inc. (“Frischkorn”), has entered into a definitive agreement under which Frischkorn acquired Mediaco AV Inc. (“Mediaco”) to become Frischkorn-Mediaco.
This strategic union will enhance the companies’ competitive positioning in an evolving audiovisual production landscape, creating new growth opportunities, enhanced service delivery for clients, and increased resources to drive creativity and technical innovation.
“Our client-centric approach is at the core of this combination,” said Bill Brown, CEO of Frischkorn. ”With greatly enhanced scale, scope and capabilities, we will be able to accelerate our combined momentum and strengthen our position in Canada.”
“These two companies perfectly complement one another,” said James Brett, Co-founder and Principal of Mediaco. “Together, we will enhance the client experience with coast to coast coverage, a larger arsenal of innovative solutions, plus an even greater level of service each company is renowned for.”
As Frischkorn-Mediaco, the new organization is ideally positioned to capitalize on important trends in live event production, from the emphasis on creative content development and total event solutions to the imperatives of operational excellence and flawless client service.
Frischkorn and Mediaco welcome each other’s talented teams, including their respective entrepreneurial founders: Norbert Frischkorn and Mediaco partners James Brett, Peter Cornforth, Bob Dreger, Kevin Leinbach, and Neil MacNeil. Bill Brown will remain as CEO in leading the new organization, Frischkorn-Mediaco.
With an unwavering commitment to helping clients achieve their business objectives, Frischkorn-Mediaco will draw on their combined strengths and unique capabilities in building Canada’s preeminent audiovisual company.
Frischkorn is Canada’s leading independent provider of audio-visual services to corporate clients. The Company has locations in Ontario, Quebec, Nova Scotia, British Columbia, and Alberta. Over the past 35+ years, Frischkorn Audio-Visual has built a strong, well-recognized national brand by continually providing crisp, high-quality and flawless event technical services for corporate events, association events, galas, conventions, product launches and hotel meetings.
Mediaco is the audiovisual and technical event partner that shows more: More attention, more creativity, more passion, more expertise and more memorable moments for live events. After twenty-five years and thousands of successful events, Mediaco remains at the forefront of technical event production to meet the needs of clients and ever-changing technology. The world’s top organizations rely on Mediaco to deliver best-in-class event solutions, including audiovisual production, staging, lighting, production management, webcast production. Additionally, Mediaco is the only Canadian provider with a fully integrated creative services division offering full audio and video production, editing, motion graphics, 3D rendering, digital production and more.
Ironbridge’s team of seven 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. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value. Frischkorn was the first investment made in Ironbridge’s second private equity fund, Ironbridge Equity Partners II, LP, a fully-committed $154 million fund.
For more information, please contact:
Ironbridge Equity Partners
Chief Executive Officer
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