CES Power, a portfolio company of Allied Industrial Partners, has acquired Immedia Event Productions, a provider of power generation and HVAC services for public and private, and indoor and outdoor events.
Beyond power generation and HVAC services, Immedia also provides sound and video services, staging and production, and searchlight services. The business serves customers throughout the northeastern United States, including Massachusetts, Connecticut, Maine, New Hampshire, Rhode Island, Vermont, and New York.
Immedia was founded in 1976 by Gerard Kapoyan and is led today by Managing Partner Mike Dunn who will continue to lead the business in partnership with CES Power.
CES is a provider of power services for the broadcasting, entertainment, emergency response, and industrial sectors including at music and arts festivals, concerts, feature film sets, professional sporting events, corporate conventions, and field hospitals.
The company’s services and equipment include power generation and distribution; chillers, air conditioners, and electric heaters; lighting and screens; ramps and matting; and EPA-emission-certified green equipment. CES, led by CEO Greg Landa, was founded in 2000 and is headquartered in Memphis, Tennessee.
“This strategic alignment with Immedia signifies a key moment of expansion and potential for both our companies,” said Mr. Landa. “We’re excited about the prospects of what we can achieve together.”
Allied Industrial formed CES Power to carve out CAT Entertainment Services from Ring Power Corporation in June 2021. The acquisition of Immedia is CES Power’s sixth add-on acquisition and follows the earlier acquisitions of Florida-based Production Power (December 2021), California-based West Coast Cinema and BST Power (March 2022), California-based Brickworks (September 2022), and Louisiana-based Global Power Systems (December 2022).
Allied Industrial continues to seek additional add-on acquisitions for CES. “With the acquisition of Immedia, we are continuing to build upon CES Power’s strategic growth plan,” said Bradford Rossi and Philip Wright, co-founders and managing partners at Allied Industrial. “Live event managers demand a seamless experience, and CES Power is increasingly poised to deliver a reliable, complete infrastructure solution to its customers and event attendees.”
Allied Industrial invests in lower and middle-market companies that have EBITDA from $2 million to $25 million. Sectors of interest include industrial rentals, manufacturing, distribution, environmental services, and infrastructure sectors. The firm was founded in 2019 and is headquartered in Houston.
© 2023 Private Equity Professional | June 9, 2023
