Olympus Partners has teamed up with Goldman Sachs to acquire PSAV, an event technology and audiovisual company.
PSAV provides event technology services within the hotel, resort and conference centre industry.
Terms of the transaction were not disclosed.
“We are thrilled to complete our acquisition by Olympus Partners and Goldman Sachs,” says Mike McIlwain, president and CEO of PSAV. “We are eager to work with them to continue providing exceptional service and value to more customers in more geographies.”
“We are excited to partner with Goldman Sachs to invest in PSAV, a market leader with an unmatched range of event technology and services and a blue chip customer base of hotel clients,” says Manu Bettegowda, partner at Olympus Partners. “We look forward to working with PSAV’s talented management team to continue to drive the company’s growth.”
