CES Power, a portfolio company of Allied Industrial Partners, has acquired Base Craft, a provider of specialty equipment and services for the motion picture industry.
Base Craft provides production trailers, basecamp setups, power generation equipment, HVAC equipment, and solar-powered trailers for hair and makeup, wardrobe, sound, and camera needs. Additionally, the company provides passenger vehicles, truck and tractor rentals, and other tools used on motion picture sets.
Base Craft is headquartered in Kansas City and operates from facilities in Missouri, Louisiana, Georgia, South Carolina, New Mexico, Utah, California, Illinois, and Oklahoma. With the buy of Base Craft, CES has launched CES Studio Services, a new division focused on supporting film, television, and broadcast production needs.
CES provides 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.
“We are excited to welcome the entire Base Craft team as we aim to become the provider of choice for the television and motion picture industry in North America,” said Mr. Landa. “Our scale, footprint, team, industry experience, and breadth of quality equipment distinguishes CES Studio Services in a fragmented market. CES Studio Services, backed by the full capabilities of the CES organization worldwide, is now the one-stop shop for all essential services, regardless of the scope and scale of the production.”
“The acquisition of Base Craft and the creation of CES Studio Services are significant milestones in the CES strategic growth story,” said Bradford Rossi and Philip Wright, co-founders and managing partners at Allied, in a released statement. “The film industry is a natural fit with CES’s live entertainment business, and we believe this new division is ripe for growth. Base Craft provides additional competencies and vital locations that will help CES further expand its footprint and achieve its goal of becoming a leading player in its industry.”
Allied Industrial formed CES Power to carve out CAT Entertainment Services from Ring Power Corporation in June 2021. The acquisition of Base Craft is CES Power’s 13th add-on acquisition and follows the earlier acquisitions of UK-based ABird/Apex (March 2024), UK-based Fourth Generation (January 2024), Ireland-based Euro Touring Power (September 2023), Maryland-based Infinite Power (August 2023), Massachusetts-based Immedia (June 2023), Louisiana-based Global Power Systems (December 2022), California-based Brickworks (September 2022), California-based West Coast Cinema and BST Power (March 2022), Georgia-based Echo Technologies (April 2023), Florida-based Production Power & Air (January 2022), and Florida-based Production Power (December 2021).
Allied Industrial invests in lower and middle-market companies with EBITDA from $5 million to $30 million. Sectors of interest include industrial rentals, manufacturing, distribution, environmental services, and infrastructure sectors. Allied was founded in 2019 and is headquartered in Houston.
© 2024 Private Equity Professional | December 12, 2024
