KT Capital Portfolio Company, ON Event Services, Acquires the Audio-Visual Service Company Staging Directions
The recent acquisition adds to the continued growth of ON Event Services, a full service audio-visual and staging company.
ATLANTA, Ga. – ON Event Services, LLC (ON), a portfolio company of KT Capital Partners, LP (KT Capital), has completed the acquisition of Staging Directions, Inc. (SDI). KT Capital is a middle market oriented private equity firm, which invests in founder and family-owned businesses to assist in their growth. Since this is one of a number of acquisitions performed by KT Capital in the audio-visual industry, the investment firm is proving to be experts in the field.
SDI is an Atlanta based audio-visual rental and staging company, which specializes in the music and entertainment industries. An established company with over 30 years of experience, SDI provides high-end audio, video, lighting design, custom stage elements, and media production.
KT Capital Managing Director and ON Event Services Board Member, Peter Kacer, said: “We are excited about the unique capabilities that the SDI team brings to the table. We believe the combined entity will be able to raise the already high level of services we provide to our customers. Our previous three add-on acquisitions in this space (A&V Company of Greensboro, ProStage of Orlando, and Productions Solutions Group of Nashville) further increased our geographic footprint, while this acquisition consolidates our strength within the Atlanta market and increases our expertise in specific segments of the audio-visual market.”
Fellow KT Capital Managing Director and On Event Services Chairman, Jim Tapp, added: “ON continues to grow organically and through acquisitions. It is a credit to the joint efforts of our team and the group at ON Event Services, led by President Stan Milner. We look forward to seeing what ON and SDI can do together; it is a very powerful combination.”
KT Capital partnered with Triangle Capital of Raleigh, NC and Peachtree Equity of Atlanta, GA to complete the transaction.
About ON Event Services, LLC:
Headquartered in Atlanta, GA, ON is a leading provider of audio-visual services and has over three decades of practice, operating two divisions. ONstage focuses on live event production and supports more than 1,200 events annually, throughout the United States and abroad. Onsite delivers in-house service and support to various hotels and convention centers. Since the acquisition of SDI, ON employs more than 200 full-time associates and has offices in 11 cities across the US. Visit the company’s website at http://www.oneventservices.com/.
About KT Capital Partners, LP:
KT Capital Partners, LP is a leading private equity firm, founded in 2006. Specializing in the investment of stable, established, and growing companies, the firm provides financial and managerial resources in order to assist in company growth. The partners of the company have extensive experience with all aspects of company investments, and have been involved in the investment of over 130 companies. With a focus on founder or family-owned small and mid-size businesses, the team is very perceptive of the challenges such businesses present. To view more about KT Capital, visit http://www.ktcapital.net/.