PRG announced it has closed its acquisition of assets from DigitalSound Production Services.
PRG will use these assets to strengthen and expand its inventory across a variety of its locations including its Los Angeles and PRG Paskal Lighting facilities.
Having filed for chapter 11 protection on 30 November 2015, DPS immediately sought court approval to sell its assets. After a broad solicitation of offers from multiple production technology companies in a sale ordered by the Bankruptcy Court, PRG has successfully acquired the bulk of DPS’ lighting and film equipment assets. The purchase of DPS’ well maintained, quality equipment will enable PRG to fulfil its ever expanding client demand in the vibrant Los Angeles markets.
“Adding these assets to our inventory goes a long way to supporting our current clients as well as the increasing number of new customers who are learning about PRG and what we can do to address their production needs,” said Brian Edwards, CEO PRG North American Television.
“Bringing on board this quantity of lighting products will give our customers greater access to fantastic technology. Plus these assets, including a large inventory of the Cineo Lighting HS Remote Phosphor luminaires, align well with our existing inventory – especially as we’ve been expanding our green screen capabilities with portable green screens.”
Evan Green, CEO PRG Film, said that he looks forward to working with the DPS clients who are very familiar with this inventory: “I know that they will find PRG and PRG Paskal to be a tremendous resource. We have some of the best people in the industry along with an array of the best solutions and equipment.”
Across all market segments, PRG continues to add to its vast list of long-term clients, thanks to its well-earned reputation for quality and innovative support with a broad range of production technology solutions.