PRG Acquires Innovative Event Production

Dec 01, 2010, 15:30 ET from Production Resource Group, L.L.C.

ARMONK, N.Y., Dec. 1, 2010 /PRNewswire/ -- Production Resource Group, L.L.C. (PRG), a leading entertainment and event technology company, announced today that it has purchased Washington, DC-based Innovative Event Production (IEP).  The acquisition reinforces PRG's position as the foremost provider of client services, equipment and technology solutions in the entertainment, meetings and events industry.

For over 15 years, IEP has provided equipment and services to the event industry, including Fortune 500 companies, trade associations, government agencies and non-profits.  Patrick Hand, IEP's Chief Executive Officer, and Kevin Ponchock, IEP's President, will continue in their leadership roles with the company.

"IEP has always been a full-service multi-discipline company, just as PRG is, so it is a great fit for us.  In joining forces with PRG, our clients can benefit from expanded product offerings and a wider geographic reach.  We look forward to growing PRG's presence in the corporate events market," said Hand.

PRG's Scott Hansen, President and Chief Executive Officer, Corporate and Trade Show Americas, said, "IEP's seasoned management team and experienced production staff will add significant depth to our Corporate and Trade Show division and give us an enhanced presence in the Washington, DC market and surrounding area.  With the addition of IEP, PRG continues to respond to our clients' desire to purchase a single source solution — audio, video, lighting, computers and staging — with experts knowledgeable across market sectors."

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About Production Resource Group — Production Resource Group, L.L.C., (PRG) is the world's leading supplier of entertainment and event technology to a wide range of markets, including corporate and automotive events, concerts, special events, theatre, television and film, trade shows, and installations, such as theme parks, museums, retail stores and performing arts centers. PRG provides integrated services and equipment, including audio, video, lighting, rigging, staging, and scenery and automation systems, for these markets from more than 31 offices in North America, Europe, Africa and Asia.

SOURCE Production Resource Group, L.L.C.