Granite Partners has made an investment in SIM Digital to fund the company’s acquisition of PS Production Services.
SIM Digital specializes in the renting of digital production equipment to the television and film industries. The company is headquartered in Toronto with additional offices across the US, Canada and China (www.simdigital.com).
PS Production Services is one of Canada’s largest professional motion picture and television production equipment rental houses. The company supplies production equipment that includes camera, lighting, grip, data management, dollies, package trucks, remote heads and cranes. The company was founded in 1972 and has offices in Toronto, Vancouver and Halifax (www.psps.com).
“We are very pleased with our investment in SIM Digital and in helping them to expand their business and their opportunity for growth by combining these businesses,” said Doug Buchanan, Managing Director of Granite Partners.
Granite Partners is a Canadian private equity firm that acquires manufacturing and service companies with sales of $10 million to $100 million. Granite Partners is led by Douglas Buchanan, a principal investor with over 20 years of banking, corporate finance and M&A experience. The firm is headquartered in Toronto and is currently investing out of its second private equity fund, Granite Partners II L.P. (www.granitepartners.ca).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-7-13
