NEW YORK & WARRENVILLE, Ill.--(BUSINESS WIRE)--InProduction, Inc. (the “Company” or “InProduction”), a leading provider of temporary seating, staging, structures, and scenic production for the U.S. live events industry, announced today that affiliates of private equity firm ZMC have acquired the Company to help accelerate its growth. Since 1976, InProduction has partnered with event organizers to transform venues and maximize the guest experience through best-in-class structures. Terms of the transaction were not disclosed.
Working in partnership with their clients, the InProduction team is engaged from start to finish, providing creative input, detailed drawings, and renderings for review and revision, bringing the drawings to life via meticulous installations, and then breaking down the installations and leaving the event site immaculate. The Company’s inventory and custom solutions combined with an event organizer’s vision enable a seamless, successful event.
“We are thrilled to be partnering with ZMC to help accelerate our next phase of growth. ZMC’s clear expertise in the sports and live events industry combined with the InProduction team’s experience and knowledge will enable us to expand our client base while continuing to provide the industry with new and innovative products that enhance the spectator experience,” said Jason Tedrow, InProduction CEO.
“We have a longstanding thesis that the live events ecosystem will continue to flourish with an increasing number of events coupled with a growing emphasis on premium and VIP experiences. We are impressed with what the team at InProduction has built and are excited to partner with them in this next phase of growth,” noted Ripan Kadakia, Partner at ZMC.
“It is clear that InProduction is a valuable partner to their clients. Best-in-class service providers like InProduction will no doubt benefit from the tailwinds in the live events industry and we are excited to support their growth both organically and via acquisition,” said Jordan Turkewitz, Managing Partner and Co-Chief Investment Officer at ZMC.
TD Cowen acted as exclusive financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor to InProduction. Houlihan Lokey acted as exclusive financial advisor and Lowenstein Sandler LLP acted as legal advisor to ZMC.
InProduction is a leading provider of temporary seating, staging, structures, and scenic production for the U.S. live events industry. We provide services for every stage of the process including design and fabrication, delivery and installation, on-site execution, and tear down. Our services span across a variety of end verticals, including golf, racing/motorsports, music festivals, other sports & live entertainment and corporate events. For additional information, visit http://www.inproduction.net.
ZMC is a leading private equity firm comprised of experienced investors and executives who invest in and manage a diverse group of media, entertainment, communications and technology enterprises.
Founded in 2001, ZMC's investment philosophy centers on operational value creation driven by targeted investment themes, deep sector expertise, and strong partnerships with industry and operating executives. ZMC approaches its investments in collaboration with management teams and has a successful track record of actively adding value to portfolio companies. For more information, visit www.zmclp.com.