PSAV Acquires Davis AV
Transaction expands PSAV's portfolio to Vail, Colorado
LONG BEACH, CA, June 10, 2008. PSAV Presentation Services, the leading supplier of audiovisual and event technology to hotels, associations, producers, and meeting planners worldwide, announces the acquisition of Davis AV's Colorado Rocky Mountain operations. Davis AV will continue to own and operate its convention services division out of its Denver corporate offices.
With this transaction, PSAV adds a number of new hotels in the Vail Valley, in addition to the multiple hotel properties it currently services in Denver and Aspen. One such property is the Park Hyatt Beaver Creek Resort and Spa, a newly renovated 190 room property with over 20,000 square feet of indoor and outdoor event space. Other properties include the Beaver Creek Lodge; Westin Riverfront Resort and Spa; The Charter at Beaver Creek; Lion Square Lodge; The Sonnenalp Resort of Vail; and, Austria Haus Club and Hotel. PSAV will also be adding a new Event Services office in the Vail Valley which will provide seamless support to meetings and events throughout the region.
"We are very excited about this acquisition and believe we can take these new properties to the next level by bringing in our proprietary tools and extensive resources," said Digby Davies, PSAV CEO. "This transaction is in line with PSAV's strategic objectives to extend our leadership in on-site contracted technology support and to expand our presence in all major meeting and convention destinations."
"We welcome the Davis AV Rocky Mountain team into the PSAV family," he added, "and look forward to serving what we consider to be some of the most prestigious hotels and resorts in the region. We anticipate a smooth and virtually invisible transition for these hotels and their valued event customers."
Davies said PSAV's immediate plans include investing in the upgrade of local AV equipment.
For more about PSAV Presentation Services, please visit www.psav.com.
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