NEP Acquires Trio Video

PITTSBURGH, March 22, 2012 /PRNewswire/ -- Today, NEP announced its acquisition of Chicago-based Trio Video.   This deal comes after a long-standing relationship between the companies, and will integrate Trio into NEP's US-based mobile television production business. As a result, Trio's four High Definition mobile production trucks will join NEP's fleet, and Trio's renowned engineering and support staff will become part of NEP's team of top experts.

"This acquisition was a great fit for both companies," says NEP's CEO Kevin Rabbitt.  "Both NEP and Trio have similar cultures, rooted in supporting our talented people as they deliver superior service to our clients. Trio's reputation for excellence in regional and national sports, as well as concert tours and music festivals, compliments NEP's existing business. The addition of Trio combined with the unmatched depth of resources at NEP will enhance our ability to serve both NEP's and Trio's clients."

Trio's Co-Founders, Gary Meagher and Jack Walsh, will stay on to help run the Trio brand, which is now one of NEP's network of brands. In the near term, NEP will maintain Trio's Chicago facility, with operational functions coordinated out of NEP's headquarters in Pittsburgh.   

"We are thrilled to join the NEP team," says Gary Meagher, co-founder of Trio Video.   "It will bring our clients expanded access to the best resources and support in the business, and will offer our business and staff incredible opportunities."

Trio's experienced team joins the staff of NEP's existing mobile production business in the United States, which includes their brands Supershooters, NCP, Denali and Sweetwater.  They will also work closely with NEP's Screenworks, which provides video display services for the concert touring and music festival industries.

About NEP:  NEP enables clients to execute, deliver, and display exceptional productions on any platform around the world. With three decades experience, more than 700 employees worldwide, and an industry-leading depth of resources, NEP provides complete solutions for any broadcast or live event.  Committed to innovation, NEP offers the latest technology and the best engineering expertise available. NEP is owned by American Securities, a private equity firm headquartered in New York, and management. For more information, please visit our website at www.nepinc.com.

SOURCE NEP