H.I.G. Capital, a private equity and venture capital investment firm and Telecorps Communications, an acquisition company, have acquired Wexler Video LLC, a Los Angeles video production and post-production rental firm.
Indianapolis-based Telecorps Communications was founded by CEO Robert F. McConnell, a former executive with Encoda and McGraw-Hill Broadcasting; executive vice president David W. Carfolite, former sales and marketing exec with McGraw-Hill, and senior adviser Jim Rosenfield, former president of CBS Television Network.
"Telecorps is excited about teaming with Wexler, a company which has assembled a superior staff and reputation in the industry," said McConnell. "Wexler will be an important platform for building a more extensive presence in serving both the production and post production."
Wexler Video was founded 1984 and has provided production and post production equipment and related services to the television industry for all types of productions worldwide, including live events and reality programs.
Wexler President and CEO Chris Thompson said that the acquisition would provide new opportunities for the company.
"We will continue to provide the best value proposition in the industry combined with the horsepower to offer new services and products across the entire entertainment spectrum," said Thompson. "Our staff and customers couldn't be happier as our ability to tap into new financial and managerial resources has increased exponentially."
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