PE-backed PSAV buys Southern Audio Visual

PSAV, a portfolio company of Olympus Partners and Goldman Sachs‘ merchant banking division, has acquired Southern Audio Visual, which was backed by Prudential Capital Partners. No financial terms were disclosed. BB&T Capital Markets advised SAV on the transaction. Based in Miami, SAV is a provider of audio visual services for the hospitality industry.

PRESS RELEASE

On December 1, 2016, Southern Audio Visual, Inc. (“SAV” or the “Company”), a portfolio company of Prudential Capital Partners (“Prudential”), was acquired by Audio Visual Services Group Inc. (d/b/a PSAV) (“PSAV”), a portfolio company of Olympus Partners and the Merchant Banking Division of Goldman Sachs. BB&T Capital Markets served as the exclusive financial advisor to SAV.