PSAV Up for Sale

PSAV, the hotel and event AV integrator, is up for sale, according to a Reuters article published last month, and could sell for $900 million to $1 billion. Current owner and private equity firm Kelso & Company (who acquired PSAV in 2007 for $413.4 million) has hired Barclays and Macquarie Group to find a buyer.

The Long Beach, Calif.-based company has earnings (EBITDA) of between $130 million and $140 million. It acquired competitor Swank Audio Visuals last year for $270 million.

See the Reuters article here. PSAV’s website is here.