​PSAV® and The Freeman Company Announce Agreement for PSAV to Acquire Encore Event Technologies

SCHILLER PARK, IL, and DALLAS,TX – January 14, 2019 – PSAV, a global leader in event experiences, and The Freeman Company, jointly announced today that the companies have entered into a purchase agreement for PSAV to acquire Encore Event Technologies, a global provider of event technology, staging and production services. The combination of PSAV and Encore will join two companies with deep expertise and a shared commitment to be an invaluable global partner for the meeting industry. This transaction reinforces PSAV’s mission of Connecting and Inspiring People by expanding the breadth of its capabilities throughout North America and Asia Pacific. The transaction is expected to be finalized later this year. Terms of the transaction will not be disclosed.


Encore has a long and distinguished history dedicated to helping create high-impact meetings and live events for the hospitality industry. Encore operates as both an in-house partner to some of the world’s leading resorts, hotels and casinos, as well as a creative production company for clients around the world.

“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.”

“We’re extremely proud of the success everyone at Encore – including our FAV Canada operations – has created in building one of the world’s leading in-house hospitality, event technology and production service businesses,” said Joe Popolo, CEO of The Freeman Company. “At Freeman, we continue our mission to provide powerful brand experiences, which include our audio visual solutions, for association and corporate customers around the world.”

“It has been an honor to lead and develop Encore and to witness its growth,” said Ken Sanders, chief development officer, The Freeman Company. “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.”

Peter Wallace and David Kestnbaum of Blackstone’s Private Equity team commented, “We are excited about the combination of our portfolio company, PSAV, with Encore. Blackstone sees continued growth opportunities in live events, and we are pleased that Encore will bring additional capabilities to support event planners and our venue partners.”

Bill Stein of Blackstone's Real Estate team added, “The combination of PSAV and Encore will further enhance our strong capabilities to serve meeting event planners and our venue partners across a diverse suite of services as part of our mission of creating a world-class, diversified global live events platform."

Simpson Thacher & Bartlett LLP is serving as legal counsel to PSAV.

JP Morgan is serving as financial advisor to Freeman and Encore, and Baker McKenzie is serving as legal counsel to Freeman and Encore.
Media Contact – PSAV
Bob Niersbach
Director, Communications
rniersbach@psav.com
(847) 385-3619
www.psav.com

Media Contact – Freeman
Stephen Phillips
Director, Communications
stephen.phillips@freeman.com
(214) 445-1205
www.freeman.com
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PSAV® 和 The Freeman Company 宣布一份购买协议,让 PSAV 收购 Encore Event Technologies

伊利诺伊州 Schiller Park 和德克萨斯州达拉斯 – 2019 年 1 月 14 日– 活动体验领域的全球领先企业 PSAV 和 The Freeman Company 今天共同宣布,双方已签订一份购买协议,PSAV 将会收购全球活动技术、舞台和制作服务提供商 Encore Event Technologies。PSAV 和 Encore 的合并会将这两家公司的深厚专业知识和技术结合起来,共同致力于成为会展行业重要的全球合作伙伴。这次收购将会扩大 PSAV 在北美和亚太地区的经营范围,有助于进一步实现该公司帮助人们建立联系和获得启迪这个使命。这次交易预计将于今年年底完成。交易条款不会对外披露。

Encore 是一家历史悠久的公司,在业界享负盛名,致力于帮助酒店业举办高影响力的会议和现场活动。Encore 既是世界上一些顶级度假村、酒店和赌场的内部合作伙伴,也是一家创意制作公司,为全球客户提供服务。

“Encore 是 PSAV 公司集团的理想合作伙伴,因为他们与我们一样致力于会议和活动策划服务,而且他们的目标和使命与我们的非常相似。”PSAV 首席执行官 Mike McIlwain 表示,“这次收购对于 PSAV 来说意义重大,更重要的是,对于我们的客户来说同样意义重大,因为我们会继续致力于寻找更多方法打造出色的活动体验。对此,我感到激动不已。”

“Encore 的员工,包括加拿大 FAV 的员工,共同创造了全球领先的室内招待、活动技术和制作服务公司之一,我们对他们每一位员工的成功感到无比自豪。”The Freeman Company 首席执行官 Joe Popolo 表示,“在 Freeman,我们会继续履行我们的使命,为世界各地的协会和企业客户提供强大的品牌体验,包括提供我们的视听解决方案。”

“我有幸领导和发展 Encore 并见证了它的成长。”The Freeman Company 首席开发官 Ken Sanders 表示,“我要谢谢 Encore 的每一位员工,感谢他们在工作中运用自己的技能和创意,爱岗敬业,正是他们的奉献打造出这家世界一流的公司。我期待看到他们作为 PSAV 的一份子继续创造辉煌。”

Blackstone 私募股权团队的 Peter Wallace 和 David Kestnbaum 评论说:“对于我们的投资组合公司 PSAV 与 Encore 的合并,我们感到很兴奋。 Blackstone 看到现场活动领域存在持续增长机会,我们感到高兴的是,Encore 将会带来更多能力来支持活动策划者和我们的场地合作伙伴。”

Blackstone 房地产团队的 Bill Stein 补充说:“PSAV 与 Encore 的合并将会进一步增强我们的能力,使我们可以更好地为会议活动策划者和我们的场地合作伙伴提供多元化的全套服务,而这正是我们使命的一部分。我们的使命是,打造世界一流、多元化的全球性现场活动平台。”

Simpson Thacher & Bartlett LLP 是 PSAV 的法律顾问。

JP Morgan 是 Freeman 和 Encore 的金融顾问,Baker McKenzie 是 Freeman 和 Encore 的法律顾问。
媒体联系人 – PSAV
Bob Niersbach
传讯总监
rniersbach@psav.com
www.psav.com

媒体联系人 – Freeman
Stephen Phillips
传讯总监
stephen.phillips@freeman.com
www.freeman.com
(847) 385-3619
(214) 445-1205