NEP Closes Two Strategic Deals
NEP Broadcasting announced that it has finalized a deal to acquire and merge Sweetwater and American Hi Definition into the NEP Entertainment division. Financial details were not disclosed.
As part of NEP Entertainment, the company said Sweetwater and American Hi Definition will “continue to serve their clients with the same expert staff and cutting-edge technology as they have since 1992, now with the backing of the leading television production services company in the country.” NEP itself has provided facilities, technical management and engineering expertise for some of the largest televised events over the last three decades.
“Sweetwater and American Hi Definition are a tremendous addition to NEP. We are thrilled to have their expertise and talent as part of our group. I know that this combined team will truly enhance the services we provide to our entertainment clients,” said NEP Broadcasting CEO, Debbie Honkus.
NEP, which is majority owned by the American Securities private equity firm, will now provide an integrated set of services and technology to the entertainment industry across seven business units. It is offering: mobile television production solutions provided by Denali and Sweetwater; full-service studio production services by Studios; mobile and modular LED video screens and video projection from Screenworks and American Hi Definition; power generation and distribution from Live Power; and mobile and live-to-web event production provided by Premiere Entertainment.
The Sage Group, LLC acted as the exclusive financial advisor and Manatt, Phelps & Phillips, LLP acted as legal counsel to American Hi Definition and Sweetwater.
The Sage Group acted as exclusive financial advisor to Sweetwater and American Hi Definition.