COLUMBUS, OHIO- Live Media Group (LMHG) bought a video broadcasting company (Outside Broadcasting) and production based in the capital of Ohio.
The transaction closed on March 1 and marks LMGH’s fourth strategic acquisition in the past three years.
Founded in 1986, Lyon Video maintains a fleet of 11 production trucks, including three that support native 4K/UHD production, and seven B-unit trucks that provide additional space for graphics, slow-motion replays, or second-screen production. The company also provides production crews, equipment rental, turnkey live production solutions, production facility design and streaming services, including its own LYON CLOUD video streaming platform.
Brad Sextonchairman and chief executive officer of Live Media Group Holdings, said the company will continue to operate as Lyon Video and there will be no changes to the management team, corporate structure or operations.
He said: “Lyon Video has built its brand and incredible reputation over the past 36 years. Their relationships with customers in the live events, sports and broadcast markets have been earned through high-quality, high-profile productions. The reasons for the purchase were simple: Lyon Video’s assets are phenomenal, their engineering team is one of the most talented in the industry, and the Midwest location allows LMGH to continue to support the projects of its customers across the country. »
LMGH brands include Live Media Group, Live Mobile Group, TNDV and Harb Production Services.
Together, the operations represent one of the largest mid-level unit production companies in the United States.
Ardea Capital Partners and the Private Credit business within Goldman Sachs Asset Management (Goldman Sachs) led the investment round for Live Media Group Holdings.
Financial terms associated with the acquisition were not disclosed.
— Brian Galante