PSAV was acquired by Blackstone.

PSAV, a global leader in event experiences, was acquired by Blackstone from Goldman Sachs and Olympus Partners. Terms of the transaction were not disclosed. Peter Wallace and David Kestnbaum of Blackstone’s Private Equity team commented, “We are thrilled about the future of PSAV’s partnership with Blackstone. PSAV is the market leader in event experiences, and we look forward to working with the company’s world-class management team to provide the broad array of value-added support and expertise that Blackstone offers. This is a great fit given our firm’s deep and long-standing record and relationships in the hospitality industry and other sectors relevant to supporting PSAV’s attractive growth prospects.”