NEP Closes Deal to Acquire Aerial Video Systems (AVS)
NEP Group has closed its deal to acquire Aerial Video Systems (AVS), the Burbank, CA-based provider of a range of HD wireless camera systems, aerial productions, and mobile audio and video RF solutions for sports, entertainment, and film clients. First announced on Sept. 6, the deal’s completion was contingent upon the FCC’s granting of certain licenses to AVS under the NEP organization. This has now been completed, and NEP will begin integration efforts immediately. Terms of the deal were not disclosed.
According to NEP Group, the addition of AVS is consistent with the company’s stated strategy to become the worldwide leader in broadcast services: camera capture — both traditional and wireless — is an important part of the broadcast value chain. AVS’s solutions will complement and build on BSI’s wireless AV capabilities, adding innovative RF solutions in HD, 1080p, HDR, and 4K/UHD wireless systems; turnkey live and recorded aerial coverage; and fiber-optic connectivity to NEP’s U.S. Specialty Capture division.
“We’ve worked alongside the AVS team for years and share a great deal of respect for their high-quality work and technology,” says Dan Grainge, president, NEP U.S. Specialty Capture. “AVS and NEP share similar service-oriented cultures that deliver exceptional results for our clients, so this will be a great fit for both organizations. We’re excited to bring their high-end wireless solutions and talent to our clients.”
Founded in 1981, AVS — like NEP — has a history of market leadership and deep, longstanding customer relationships with special expertise working with the entertainment industry. From the gridiron to the red carpet, AVS supports a wide range of high-profile events and productions with aerial and on-the-ground coverage. AVS is fully licensed by the FCC for regular broadcast bands and additional portions of the wireless spectrum for large events.
“I’m proud of what we’ve accomplished at AVS,” says AVS President Randy Hermes. “Joining NEP’s growing, innovative Specialty Capture division will take us even further. Most important, our clients will have access to a full suite of broadcast and specialty services from the best in the business.”
Hermes will continue to run AVS on a day-to-day basis and will report to Grainge.