M&A Deal Summary

PRG Acquires Video Equipment Rentals

On April 5, 2018, PRG acquired business services company Video Equipment Rentals from Constitution Capital Partners and L Catterton Partners

Acquisition Highlights
  • This is PRG’s 1st transaction in the Business Services sector.
  • This is PRG’s 3rd transaction in the United States.
  • This is PRG’s 2nd transaction in California.

M&A Deal Summary

Date 2018-04-05
Target Video Equipment Rentals
Sector Business Services
Buyer(s) PRG
Sellers(s) Constitution Capital Partners
L Catterton Partners
Deal Type Merger

Target

Video Equipment Rentals

Glendale, California, United States
Video Equipment Rentals is a provider of audio/visual equipment rental and services. Clients in TV, cinema, live music, sports and the corporate world rely on VER for rental equipment. The Company has operations on six continents and is headquartered in Glendale, California.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

PRG

Armonk, New York, United States

Category Company
Founded 1999
Sector Electrical Equipment
DESCRIPTION

PRG is a provider of lighting equipment and services to the premier live event industry, operating as a single-source provider of technology solutions to a marketplace that includes live entertainment (live theater, concert touring, film and television and special events), corporate events (trade and industrial shows) and themed environment (gaming, theme parks and retail) markets. PRG was formed in 1999 and is based in Armonk, New York.


DEAL STATS #
Overall 5 of 5
Sector: Business Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-09 XL Video

Hemel Hempstead, United Kingdom

XL Video Ltd. is a provider of creative video solutions for Concert Touring, Corporate and Special Events, Exhibitions and Trade Shows, Television, Sports, Theatre and The Arts.

Buy -

Seller(S) 2

SELLER

Constitution Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 14 of 33
Sector: Business Services M&A 1 of 2
Type: Merger M&A Deals 1 of 1
State: California M&A 2 of 3
Country: United States M&A 13 of 30
Year: 2018 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Airxcel

Wichita, Kansas, United States

Airxcel is a designer, manufacturer, and marketer of climate control systems for a variety of specialty end markets including recreational vehicles, telecommunication enclosures, and commercial/industrial applications. The company employees find opportunities to express creativity and innovation, enhance education and be productive team members in a supportive work environment. It conducts its business with respect and regard for its employees, customers, suppliers, financial partners, and communities in which it operates. Airxcel was formed in 1991 and is based in Wichita, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Elara Caring

Dallas, Texas, United States

Elara Caring is a provider of home-based care with a national presence across the Northeast, Midwest, and Southwest. It supports patients through the post-acute care journey by delivering the appropriate level of care wherever patients call home. Elara Caring was founded in 1975 and is based in Dallas, Texas.

Buy -
SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 49 of 105
Sector: Business Services M&A 1 of 1
Type: Merger M&A Deals 3 of 4
State: California M&A 8 of 12
Country: United States M&A 45 of 76
Year: 2018 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Ainsworth Pet Nutrition

Meadville, Pennsylvania, United States

Ainsworth Pet Nutrition LLC is an independent manufacturer and developer of premium pet food and treats under Company-owned as well as retailer brands primarily sold through the Food, Drug, and Mass ("FDM") channel.

Sell $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Future Lifestyle Fashions

Mumbai, India

Future Lifestyle Fashions owns and markets about 30 fashion brands through exclusive brand outlets, department stores and multi brand outlets, as well as company operated chains such as Central and Brand Factory. FLFL collectively operates more than 400 stores spread over 6 million square feet of retail space and is a unique player in the fashion industry due to its integrated "design to distribution" model and presence across all key segments within the fashion industry. Future Lifestyle Fashions was founded in 2012 and is based in Mumbai, Maharashtra.

Buy -