Kelso bought the business in a $413.4m deal in 2007 and is ready to sell for about seven time its $130m to $140m EBITDA according to Reuters, which cited two people familiar with the matter.
The company is the biggest provider of in-house audiovisual services to the US hospitality industry, and works with more than 800 properties around the world.
One of Reuters’ sources said that although other event services companies could be interested in PSAV it was more likely it would be sold to another private equity firm.
Last October New York-based Kelso spent $270m bolting-on PSAV competitor Swank Holdings to the asset.
Kelso vice president Steve Dutton said at the time, “PSAV and Swank are industry leaders with impressive histories of growth, innovation, and best-in-class customer service.
“With PSAV and Swank as one combined entity, hoteliers will benefit from a single source of audiovisual and technology support for every size hotel and event around the world.”
Kelso is currently investing through its $5.125bn Fund VIII raised in 2008 – a stark increase on the $5m it raised for its first vehicle back in 1980.
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