PSAV Buys Canada-based AV, Live Event Company FMAV
October 29, 2018
U.S.-based audio-visual and live event company PSAV has acquired FMAV, an audio-visual and live event production company in Canada.
The transaction broadens PSAV’s reach into another region, as well as expands its overall capabilities. Terms of the transaction were not disclosed.
FMAV CEO Bill Brown and his senior team will remain in place and continue to execute on their growth plans, now in partnership with PSAV.
“FMAV is an ideal addition to the PSAV group of companies due to its event production expertise and strong alignment to our purpose and mission,” said Mike McIlwain, CEO for PSAV.
He added, “Bill is an exceptional leader who has built the FMAV business and team into an industry leader across Canada. 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 in many different types of locations.
FMAV was founded more than 40 years ago and has won numerous industry awards, including multiple 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 more than 250 staff across Canada with offices from coast to coast, including Vancouver, Calgary, Edmonton, Toronto, Ottawa, Montreal and Halifax.
The company, now a wholly-owned subsidiary of PSAV, will continue to operate under the FMAV brand name.
“We are certainly familiar with PSAV and its long-standing history as a leader in the event experience industry, not just in Canada, but across the globe,” Brown said.
He added, “The entire FMAV family is eager to be joining forces with PSAV and establishing more impactful ways of serving our collective customer base.”
Investment banking firm JEGI represented FMAV in the transaction.
In June 2018, PSAV was acquired by private equity and real estate funds affiliated with Blackstone from affiliates of Goldman Sachs and Olympus Partners.
Partner Voices
Here at Mandalay Bay, venues are inviting and innovative. As one of the most iconic names on the Las Vegas Strip, the Mandalay Bay Convention Center has recently undergone an exciting upgrade. This renowned venue now offers everything your business needs, with a refreshed convention space designed to inspire productivity and creativity, as well as an impressive selection of world-class restaurants and amenities. If you're searching for a venue that is both inviting and innovative, Mandalay Bay is the place to be.
Mandalay Bay is committed to investing in a new wave of enhancements, not only in the convention space but also throughout the entire resort. With new restaurant openings and remodels, spectacular entertainment, and updated rooms, Mandalay Bay promises to deliver new and exciting experiences to its guests until 2024.
To create a truly effective conference venue, Mandalay Bay has carefully considered what businesses require. The right technology, capacity, and inspiration are essential to take ideas to the next level. The refreshed Mandalay Bay Convention Center has been designed with your business in mind. Every room is equipped with newly-upgraded technology, enhancing our ability to support bandwidth demand and overall data capabilities. Additionally, the addition of 10 new digital walls provides bigger and more dynamic ways to display customized content messages.
Mandalay Bay offers world-class conference space and service. The venue options range from ballrooms to ample pre-function spaces, catering to teams of any size while accommodating multiple large groups simultaneously. Our certified planners work collaboratively with you to understand your specific event requirements, anticipating your business needs and offering the best-fit solutions.
In addition to providing exceptional conference facilities, Mandalay Bay is also dedicated to sustainability. We strive to give our guests an unforgettable experience while minimizing our impact on the environment. As part of our sustainable energy efforts, you'll find refillable water stations throughout the property, eliminating the need for single-use plastic bottles and reducing unnecessary plastic usage.
Mandalay Bay is proud to offer an upgraded and enhanced experience for businesses seeking a venue that combines innovation, convenience, and sustainability. Whether you're hosting a conference, meeting, or other business event, Mandalay Bay's refreshed convention space, world-class service, and commitment to sustainability make it the ideal choice. Come and discover the new wave of experiences awaiting you at Mandalay Bay on the Las Vegas Strip. Wherever your organization is going, getting there starts with being here.
Add new comment