NEP Group, an outsourced technical production partner supporting live sports and entertainment content producers, has signed an agreement to acquire Aerial Video Systems (AVS).
Based in Burbank, California, AVS offers a comprehensive range of HD wireless camera systems, aerial productions and mobile audio and video RF solutions for sports, entertainment and film clients. Closing of the deal will occur upon approval by the FCC of certain FCC license applications.
The addition of AVS will be consistent with NEP’s stated strategy to become the worldwide leader in broadcast services.
Founded in 1981 and like NEP, AVS has a history of market leadership and deep, long-standing customer relationships with special expertise working with the entertainment industry.
Dan Grainge, president, NEP U.S. Specialty Capture said: “We’ve worked alongside the AVS team for years and share a great deal of respect for their high-quality work and technology.
“AVS and NEP share similar service-oriented cultures that deliver exceptional results for our clients, so this will be a great fit for both organizations. We’re excited to bring their high-end wireless solutions and talent to our clients.”
Randy Hermes, president of AVS said: “Joining NEP’s growing, innovative Specialty Capture division will take us even further. Most importantly, our clients will have access to a full suite of broadcast and specialty services from the best in the business.”
Randy Hermes will continue to run AVS on a day-to-day basis and will report into Dan Grainge, President of NEP U.S. Specialty Capture.
Terms of the deal were not disclosed.