PRG to acquire XL Video
Published: MEA
WORLD: Production Resource Group, LLC (PRG) is set to acquire the XL Video Group. The transaction is expected to close before the end of the second quarter subject to customary closing conditions.
‘By combining XL Video with PRG, we are creating a tremendously valuable resource for event and entertainment producers anywhere in the world,’ said PRG chairman and CEO Jeremiah J Harris. ‘The integrated company will be able to offer an exceptional breadth of production technologies and depth of industry expertise.’
‘As XL Video, we have worked on some of the largest and highest profile concert tours, television shows, automotive and corporate events around the globe,’ added Lucas Covers, group CEO of XL Video. ‘We have established a client base that has become more sophisticated in their expectations of the standard of video production. As part of PRG, we will continue to exceed their expectations and raise the bar on video production.’
‘PRG and XL Video are extremely well positioned to provide a multi-disciplined, integrated solution,’ concluded Stephan Paridaen, PRG’s global president and chief operating officer. ‘Making the XL Video team part of the PRG family, will be extremely beneficial to our clients and this has been our top priority from the start.’