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Blackstone completes PSAV acquisition

Private equity and real estate funds managed by Blackstone have completed the previously announced acquisition of event experiences specialist PSAV.

As part of the completed transaction, affiliates of Goldman Sachs (NYSE:GS) will be reinvesting alongside Blackstone in the transaction to continue to participate in the ongoing growth of PSAV.
PSAV delivers on its purpose of connecting and inspiring people by creating impactful event experiences. Through its deep expertise in creative, production, advanced technology and staging services, PSAV is an invaluable partner to meeting and event planners. It is the trusted provider of choice at leading venues across the globe.
In June, the companies announced a definitive agreement for Blackstone to acquire PSAV from affiliates of Goldman Sachs and Olympus Partners. Terms of the transaction have not been disclosed

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