Production Management One in Romulus has received a majority investment from HRG Capital, a private equity firm in Bloomfield Hills owned by David Lazarus Jr. Terms of the transaction were not disclosed.
Created in 2018, Production Management One, or PM1, is a production infrastructure partner specializing in the design and deployment of staging and seating for live events along with full scale production management.
PM1 operates from facilities in Detroit, Orlando, and the Washington, D.C. metro area, and has supported and facilitated events nationwide and worldwide.
The company’s curated large scale events took place in 34 states last year. PM1 clients include large-scale event producers, networks, leagues, sporting events, agencies, and political campaigns.
Client activations of managed full-scale production and asset rentals for large events include America’s Thanksgiving Parade Presented by Gardner White in Detroit, the NATO Summit, Major League Pickleball Tournaments, and Unite for America.
In recent years HRG Capital has been making strategic investments in the event services space, including numerous acquisitions in Michigan.
HRG Capital will bring its investment experience and relationships to PM1 to shepherd its next phase of growth.
“We are very excited to partner with Production Management One and their leadership to continue their success and expansion across the United States,” says Lazarus, founding partner of HRG Capital. “We bring years of experience investing in, and institutionalizing, event services companies across the country, and we will bring that expertise to PM1.”
The event services sector has recently been a target for private equity firms due to the growth of recurring live events and sporting events across the globe. After the COVID-19 pandemic, demand for in person events has skyrocketed.
“We will continue to prioritize our employees and customers and ensure the fantastic brand recognition of Production Management One remains across the country,” adds Lazarus.
Alongside its drive for organic growth, HRG Capital is still pursuing additional acquisitions in targeted verticals in the event services space across the country.
For more information, visit productionmanagementone.com.
