US audiovisual and live events company PSAV has acquired FMAV, an audiovisual and live events production company in Canada.
The transaction expands PSAV’s reach into another region, as well as its global capabilities. Terms of the transaction were not disclosed.
FMAV CEO Bill Brown and his management team will remain in place and continue to execute their growth plans, now in partnership with PSAV.
“FMAV is an ideal addition to the PSAV group of companies because of its expertise in event production and its strong alignment with our purpose and mission,” said Mike McIlwain, CEO of PSAV.
He added, “Bill is an exceptional leader who has made the company and the FMAV team an industry leader across Canada. I’m thrilled with what this means for PSAV, and more importantly for our customers, as we continue to focus on new ways to create amazing event experiences in many different types of venues.
FMAV was founded over 40 years ago and has won numerous industry awards, including several Canadian special events and ILEA awards.
The FMAV team provides extensive creative production services for galas and special events, conferences and conventions, corporate meetings, outdoor events and hotel venues.
FMAV has over 250 employees across Canada with offices coast to coast including Vancouver, Calgary, Edmonton, Toronto, Ottawa, Montreal and Halifax.
The company, now a 100% subsidiary of PSAV, will continue to operate under the FMAV brand.
“We certainly know about PSAV and its long history as a leader in the event experience industry, not just in Canada, but around the world,” Brown said.
He added, “The entire FMAV family is looking forward to partnering with PSAV and establishing more impactful ways to serve our collective customer base.
Investment bank JEGI represented FMAV in the transaction.
In June 2018, PSAV was acquired by Blackstone-affiliated private equity and real estate funds from Goldman Sachs and Olympus Partners affiliates.