NEP to Acquire Corplex
Has an agreement to buy Chicago-based provider of mobile production facilities
By George Winslow -- Broadcasting & Cable, 11/20/2012 11:04:26 AM
Terms of the deal were not disclosed. The acquisition is expected to be completed on or around Dec. 17. When the deal is completed, NEP will acquire Corplex's entire fleet of production vehicles including its three HD trucks.
Corplex's engineering and support staff and its top executives will join NEP's Mobile Unit division.
NEP is also planning to consolidate all of its Chicago operations at Corplex's current Lake Bluff, Ill., headquarters.
"We're proud to add Corplex and its talented and experienced team to our growing network of industry-leading brands in mobile production," noted Mike Fernander, president and general manager, NEP U.S. Mobile Unit division, in a statement announcing the acquisition. "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."
Fernander also noted that the deal builds on a longstanding working relationship between the two companies who had worked together "for many years in some of the world's largest mobile broadcast compounds."
The Corplex brand joins NEP's other mobile production subsidiaries, which include Supershooters, NCP, Denali, Sweetwater and Trio Video.
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