Hotel Online
News for the Hospitality Executive




Kelso & Company to Acquire Swank Audio Visuals and Merge
 the Business With PSAV Presentation Services



LONG BEACH, Calif., October 10, 2012 — Kelso & Company, a private equity firm located in New York, has signed a definitive agreement to acquire Swank Audio Visuals®, LLC.
 
Swank Audio Visuals provides audiovisual and event technology services within the hotel, resort, meetings and conference center industries.  The majority of Swank’s services are provided via relationships whereby the company acts as the preferred outsource service provider to more than 375 hotels and resorts throughout the United States, Canada and the Middle East.  Swank also provides its services by offering a destination events department that operates at multiple venues and locations.
 
Kelso is also the owner of PSAV® Presentation Services, the leading provider of audiovisual equipment and services to the meeting and event industries. Kelso plans to merge Swank and PSAV to create the industry’s single leading source of audiovisual and event technology support.
 
“PSAV and Swank are industry leaders with impressive histories of growth, innovation, and best-in-class customer service,” said Steve Dutton, Vice President at Kelso. With PSAV and Swank as one combined entity, hoteliers will benefit from a single source of audiovisual and technology support for every size hotel and event around the world.”
 
“Swank is very excited about this partnership and the wealth of benefits it will provide our team members, hotel partners and customers, as well as the event technology industry as a whole,” said Greg Diekemper, President and CEO of Swank Audio Visuals.  We feel this merger will provide our hotel partners and customers with greater access to innovative new technology, as well as a deeper pool of highly trained, experienced personnel to operate it.”
 
“The entire team at PSAV is thrilled about Kelso’s purchase of Swank Audio Visuals and the impending merger of the two companies,” said Mike McIlwain, President and CEO of PSAV. “This opportunity provides a multitude of advantages for the industry. Combining our companies’ strengths will give meeting planners and producers unparalleled access to advanced audiovisual and event technology support throughout the United States and the world." 
 
Barclays and Macquarie Capital served as advisors to Kelso, and are arranging financing for the transaction.

About Kelso & Company
Kelso & Company is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has made investments in over 115 companies in a broad range of industry sectors.

About Swank Audio Visuals®
Founded in 1937, Swank Audio Visuals is celebrating its 75th anniversary in 2012. The Company has a rich legacy of providing technical expertise and resources, creative set designs and advanced equipment for the event industry. Provided with a hospitality approach, its services include audio, video, lighting, stage design, production, webcasting/webarchiving, 3D renderings and Mobile Meeting Manager (M3), a customizable web-based app providing event information on attendees’ smartphones and tablets. Headquartered in St. Louis, MO, Swank employs more than 1,800 talented professionals in approximately 375 destination resorts and hotels in 70 major markets, representing more than 165 cities in the U.S., Canada and Middle East.  <>

About PSAV® Presentation Services

PSAV provides the ideas and technology that inspire great meetings. This has made PSAV the leading provider of event technology for meeting planners and producers across the corporate, association, and tradeshow markets. PSAV provides an unparalleled range of event technology to support its customers’ ability to create, collaborate, and communicate. With more than 800 partner locations worldwide, PSAV provides people and resources right where you want to have your meeting. www.psav.com
.
Contact:

Andee Oleno
www.swankav.com
(480) 905-3445
aoleno@swankav.com
 
Greg Van Dyke
www.psav.com
(562) 366-0260
gvandyke@psav.com



Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here  

To Learn More About Your News Being Published on Hotel-Online Inquire Here

 
Also See: PSAV Showcases Technology's Impact on the Future of Meetings at IncentiveWorks; Mobile apps and video conferencing technology are just two of many tools presenting opportunities for planners to expand event longevity / September 2012

Hilton Lincoln Centre in Dallas Seamlessly Integrating Sales and Service via PSAV / September 2012

Joining Salt Lake Renaissance and Reshaping of Downtown Core; The Salt Palace Convention Center and South Towne Exposition Center turn to PSAV for onsite event technology expertise / September 2012

Hotel Del Coronado Raving About PSAV, from Event Technology to HSIA; The legendary West Coast resort and spa transitioned to PSAV in May to bring provider consistency, new technologies and exceptional service to the 'Del' / August 2012

Event Technology Pros Commonly Onsite at Top Meeting Hotels; Half of the highest-rated Meeting Hotels in the United States, as identified by Cvent, rely on PSAV® Presentation Services for onsite audiovisual support; PSAV claims a focus on people, not just technology, makes all the difference / August 2012

DoubleTree by Hilton Hotel, Miami Airport & Convention Center Partner with PSAV / August 2012

The Fairmont San Francisco Raving about PSAV's Revenue Contribution, Structure and Customer Service; Since the AAA 4 Diamond, ExxonMobil 4 Star hotel transitioned to PSAV in 2010, revenues have more than doubled and are on a steady incline / August 2012

Motivational Meeting Stories Shared at PSAV's 'Inspiration Cafe'; New website features video library of industry pros discussing ideas for success and how event technologies are making meetings more memorable; Live broadcast upcoming / July 2012

PSAV Praised by Video Production Peers with Nine Telly Awards / June 2012

PSAV Bringing Power to Presentations at The Westin Harbour Castle Hotel Toronto; As a preferred partner with Starwood Hotels & Resorts, PSAV is forging strong relationships at the property level and adding to bottom line revenues / May 2012

Sheraton Toronto Centre Tapping PSAV for Power Distribution, Event Technology; As a preferred partner with Starwood Hotels & Resorts, PSAV is forging strong relationships at the property level and adding to bottom line revenues / April 2012

Washington State Convention Center Names PSAV® Presentation Services Preferred Event Technology Provider; Due to its expansive portfolio of presentation technologies and worldwide expertise, PSAV® will support the largest meeting/expo facility in the state / March 2012

PSAV Wins Bronze Stevie® Award in 2012 for Sales & Customer Service; The leading supplier of audiovisual and event technologies is hailed for its efforts to continually improve customer satisfaction / March 2012

PSAV® Aiding in Downtown Las Vegas Revitalization, Supporting Events that Attract Meeting Planners and 'Wow' Participants; PSAV® Presentation Services partners with MEET Las Vegas, the Plaza Hotel and Casino, and the Cleveland Clinic Lou Ruvo Center for Brain Health to electrify events / February 2012

PSAV Named Finalist in 2012 Stevie® Awards for Sales & Customer Service; For the second consecutive year, the leading supplier of audiovisual and event technologies is hailed for its efforts to continually improve customer satisfaction / February 2012

Got Meetings? Go Global! PSAV is At Your Service...Everywhere / January 2012

PSAV Provides Audiovisual Support to Worldhotels Annual Conference in London / January 2012

PSAV Develops 'Express App' for Meetings; Entry-level mobile app provided by PSAV® Presentation Services is a quick, easy and affordable way to deliver event agendas, venue maps, speaker listings and sponsor details via mobile devices / December 2011

Palm Springs Convention Center Setting the Stage for Growth, Exceptional Events with PSAV / November 2011

Savannah International Trade & Convention Center Revving Up Business, Raving About PSAV Partnership / November 2011

PSAV Clinches 'Best AV Provider' Title for Third Consecutive Year; Hand-picked by meeting planners, event planners and suppliers who subscribe to Southern California Meetings + Events magazine, PSAV is the Readers' Choice once again / October 2011

San Antonio Convention Center Driving Revenues, Customer Satisfaction with PSAV; Establishing an exclusive, preferred partnership with the leading provider of audiovisual and event technologies, is making more than sense... its making millions of dollars / October 2011

PSAV Brings 'MapIt!' Web and Mobile App to AVMA Event Attendees; Creating an online and mobile link to the American Veterinary Medical Assn. event resulted in more than 38,000 views of the educational sessions alone / October 2011

From Guestrooms to Meeting Rooms, PSAV Providing Broadband Service and Support at Hyatt Regency Sacramento; Supplying both audiovisual services and High Speed Internet Access support, PSAV serves as a single on-site technology source for the AAA Four Diamond California hotel / August 2011

Westin Stonebriar Wowing Guests with High Speed Broadband Services from PSAV / August 2011

Embassy Suites Denver Downtown Offering Broadband Based on Customers' Need via PSAV; With 100 megabytes of bandwidth at the Convention Center property, meeting planners are only charged for the amount of bandwidth needed, thereby increasing customer satisfaction while also heightening profitability, sales and repeat business / August 2011

PSAV Awarded Highest Video Production Honors at 32nd Annual Telly Awards / June 2011

PSAV Provides 900 iPods to Event Attendees at Sheraton Waikiki to View Schedules, Maps, and More / June 2011

PSAV® Honored with 'Staged Events Award' at InfoComm 2011 in Orlando / June 2011

PSAV, QuickMobile Announce Partnership to Market, Support Event Mobile Solutions / April 2011

Meg Fasy Joins PSAV as VP, Industry Relations; Former MPI sales executive recruited to expand reach of company's coveted event-technology and consultative services / April 2011

PSAV Named Finalist in 2011 Stevie® Awards for Sales & Customer Service; Leading supplier of audiovisual and event technologies recognized for its consistent quarterly increases in customer satisfaction scores since July 2009 / February 2011

Harbor Beach Marriott Resort & Spa Refines Service with PSAV; After completing a $50 million renovation, the premier Fort Lauderdale resort selects PSAV® Presentation Services to supply its Event Technologies, including: AV Equipment, Rigging Services, Power Distribution and HSIA Support / December 2010

PSAV Secures 'Best Of 2010' Title for Second Consecutive Year; PSAV named 'Best Audio-Visual Presentation Provider' in Southern California / November 2010

CRF Debuts State-of-the-Art PSAV Wide Screen at TCT Symposium; 22nd Annual Transcatheter Cardiovascular Therapeutics educational event, produced by the Cardiovascular Research Foundation, presented live surgeries from around the world and clinical-trials to attendees via a 3,300 square-foot curved HD screen with blended imagery support designed by the hospitality industry's leading event-technology provider / September 2010

'Touch Concierge' Navigation System from PSAV Unveiled at HITEC; Available for PSAV and non-PSAV locations, the easy to navigate touch application gives guests access to restaurants, nightlife, shopping, local events and services in the surrounding area with information and directions uploaded to their cell phones / June 2010
.


To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.