NEP to Acquire Corplex - ProSoundNetwork.com

NEP to Acquire Corplex

NEP has entered into a definitive agreement to acquire Corplex, a Chicago-based provider of digital and HD mobile broadcast production facilities and services.
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Pittsburgh, PA (December 17, 2012)-NEP has entered into a definitive agreement to acquire Corplex, a Chicago-based provider of digital and HD mobile broadcast production facilities and services.

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Building on their longstanding relationship, the two companies expect to consummate the transaction on or around December 17, by which date NEP will acquire Corplex's entire fleet of production vehicles. In addition, Corplex's engineering and support staff will join the team of top professionals in NEP's Mobile Unit division.

"We're proud to add Corplex and its talented and experienced team to our growing network of industry-leading brands in mobile production. The expertise available in both companies, combined with NEP's depth of resources, will enable us to continue offering exceptional service to our clients focused on major sports and entertainment events," said Mike Fernander, president and general manager, NEP U.S. Mobile Unit division. "We've worked together for many years in some of the world's largest mobile broadcast compounds; therefore, we know Corplex shares NEP's core values of delivering superior service, working together as one team, providing innovative solutions, and meeting commitments with integrity and passion."

The Corplex brand joins NEP's other mobile production subsidiaries, including Supershooters, NCP, Denali, Sweetwater, and Trio Video. Corplex's top executives, including current president Scott West, Dave Greany, Joe Scionti, and Carter Ruehrdanz, will all assume roles within the NEP Mobile Unit division. As a result of the acquisition, NEP will consolidate all of its Chicago operations at Corplex's current Lake Bluff, IL headquarters.

NEP
www.nepinc.com