by Michael J. Shapiro | January 15, 2019
PSAV, which provides creative, production, technology and staging services, will acquire Encore Event Technologies from the Freeman Company. Encore offers event technology, staging and production services; the acquisition, which should close later this year, will increase the breadth of PSAV's lineup and presence throughout North America and the Asia Pacific region. The companies did not disclose the terms of the deal.
Encore serves as an in-house partner for a wide range of hotels, resorts and casinos, as well as an independent production company that works directly with event organizers. "Encore is an ideal partner for the PSAV family of companies, given its shared commitment to meeting and event planners, and strong alignment with our purpose and mission," said Mike McIlwain, CEO of PSAV. "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 wherever an event is held."
Ken Sanders, former Encore CEO and chief development officer of Freeman, will remain with Freeman in the latter role. "It has been an honor to lead Encore and to witness its growth," he said. "I want to thank everyone at Encore for applying their work, skills, dedication and creativity to build this world-class company, and I look forward to watching their continued prosperity as part of PSAV."
Freeman Company CEO Joe Popolo also praised Encore's success, and added, "At Freeman we continue our mission to provide powerful brand experiences, which include our audiovisual solutions, for association and corporate customers around the world."