PRG to acquire XL Video
May 7, 2015 7:30 AM
Production Resource Group (PRG) has announced plans to acquire XL Video.
PRG chairman & CEO Jeremiah J. Harris and Lucas Covers, the group CEO of XL Video jointly made the announcement.
The transaction is expected to close before the end of the second quarter subject to customary closing conditions.
Like PRG, XL Video supports creative designers and producers with full technical support in putting together video solutions.
PRG said the acquisition expands its access to the wide range of creative video technology and services that they already enjoy.
By combining XL Video with PRG, we are creating a tremendously valuable resource for event and entertainment producers anywhere in the world, said PRG's Harris. The integrated company will be able to offer an exceptional breadth of production technologies and depth of industry expertise.
Upon completion, XL Video global president and chief operating officer, concluded: PRG and XL Video are extremely well positioned to provide a multi-disciplined, integrated solution. 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.