Swank and PSAV Complete Merger - AvNetwork.com

Swank and PSAV Complete Merger

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Following last month's acquisition by Kelso & Company of Swank Audio Visuals, and Kelso & Company's announced plans to merge Swank with PSAV Presentation Services, the organizations announced Tuesday that Kelso’s acquisition of Swank has been completed, and that the merged company will be led by Greg Diekemper, Swank’s President and CEO, and that it will adopt the PSAV name. The name of the merged company is now PSAV-Presentation Services. The merger also adds St. Louis, MO to PSAV’s list of major headquarters.

According to a press release from Kelso & Company Tuesday, "The 'new' PSAV is the leading provider of audiovisual and event technology services in the world. It will provide technical staff and equipment at 1,200 hotels and resorts throughout the United States, Canada, Mexico, Europe and the Middle East. PSAV also supports client events outside of its partner hotels and resorts by traveling with the client to any meeting venue."

“Tremendous thought went into determining the best name for the merged company,” said Greg Diekemper, CEO of PSAV. “In the end there were several compelling reasons why the PSAV name provides the greatest benefits for our hotel partners, meeting planner customers and team members. Swank Audio Visuals has a 75-year legacy of providing flawless service and innovative technology, and we are committed to finding prominent and appropriate ways to honor the Swank name as we move forward as PSAV.”

The Leadership Team of the merged company announced today consists of 20 senior managers from both Swank and PSAV. Reporting to Diekemper will be President Mike McIlwain; Chief Financial Officer Dan Bauman; General Counsel Whit Markowitz; Chief Learning Officer Roy Scardina; and Senior Vice Presidents Susan DeVito and Arthur Clyne, who will be responsible for New Hotel Sales.

Mike McIlwain, President, will be directly leading Chief Information Officer Pat Enright; Chief Operating Officer Sky Cunningham; Senior Vice President of Marketing/GSO Sales Greg Van Dyke; Senior Vice President of Human Resources Mike Schott; and Brian Lagestee and Mike Stengel as Senior Vice Presidents of Revenue Management, Profit Improvement and Best Practices.

COO Sky Cunningham will lead several Senior Vice Presidents of Operations: Paul Wedesky, National Operations; Craig Hill, Mid-Atlantic/Northeast Region; Stephen Lipa, Southeast Region/NYC; Steve Oliver, Midwest Region; John Rissi, Northwest/Hawaii Region; Ali Vafa, Central/International Region (includes Europe, Canada and Mexico); and Annette Moody, Product Management.


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