PSAV was bought out by Blackstone, a leading global investment firm. The acquisition was completed on August 8, 2018, by private equity and real estate funds managed by Blackstone.
The Acquisition Details
Blackstone's strategic move to acquire PSAV, a global leader in event experiences, positioned the company to further expand its footprint in the live events and hospitality sectors. PSAV, now known as Encore, continues to be a major player in delivering comprehensive event technology and production services worldwide.
Here's a summary of the key acquisition details:
| Aspect | Detail |
|---|---|
| Buyer | Blackstone |
| Seller | PSAV (now Encore) |
| Acquisition Date | August 8, 2018 |
| Acquisition Type | Acquisition by private equity and real estate funds |
| Role of PSAV | Global leader in event experiences |
About PSAV (now Encore)
Before and after the acquisition, PSAV (now rebranded as Encore) has been a prominent provider of event technology services. Their offerings typically include:
- Audio-visual equipment and support
- Staging and set design
- Digital and interactive experiences
- Event planning and production
Encore serves a wide range of clients, from corporate events and trade shows to major conferences, providing essential support to create engaging and memorable experiences.
About Blackstone
Blackstone is one of the world's largest alternative asset managers. They specialize in private equity, real estate, credit, and hedge fund solutions. Their investment philosophy often involves acquiring and building businesses, aiming to create long-term value. The acquisition of PSAV aligned with Blackstone's strategy of investing in market-leading companies with strong growth potential.
