Private equity investment firm Kelso & Company last month announced the acquisition of Swank Audio Visuals and plans to merge the firm with PSAV Presentation Services. The acquisition has been completed, and Swank Audio Visuals has been merged with PSAV Presentation Services with Greg Diekemper named the new president and CEO of the combined firm.
“Tremendous thought went into determining the best name for the merged company,” said Diekemper. “In the end, there were several compelling reasons why the PSAV name provides the greatest benefits for our hotel partners, meeting planner customers and team members. Swank Audio Visuals has a 75-year legacy of providing flawless service and innovative technology, and we are committed to finding prominent and appropriate ways to honor the Swank name as we move forward as PSAV.”
The new PSAV is a provider of audiovisual and event technology services around the world. It will provide technical staff and equipment at 1,200 hotels and resorts throughout the U.S., Canada, Mexico, Europe and the Middle East. PSAV also supports client events outside of its partner hotels and resorts by traveling with the client to any meeting venue.
The leadership team of the merged company consists of 20 senior managers from both Swank and PSAV. Reporting to Diekemper will be President Mike McIlwain, CFO Dan Bauman, general counsel Whit Markowitz, Chief Learning Officer Roy Scardina, and senior vice presidents Susan DeVito and Arthur Clyne, who will be responsible for new hotel sales.
PSAV delivers technical expertise, creative solutions and an array of equipment for meeting planners and producers across the corporate, association and tradeshow industries.
