Client: ARB Audio & Visual Hire
Counterparty: Private Investors
Sector: Business Services
Deal Type: Acquisition
Buckinghamshire based ARB Audio & Visual Hire was acquired by a consortium led by David Walley, former Chief Executive of the Arena Group, and David Harding, in a deal for an undisclosed sum.
ARB supplies sound, light, vision and power services to the events industry with clients including major sporting events and venues such as Silverstone, The RFU, Twickenham, and the Lawn Tennis Association. Established in 1944 ARB employs over 30 staff and turnover is in excess of £4m. The acquisition is the first deal in a strategy to build an event services group and the team are currently looking at a number of further acquisitions.