Chimney Rock Equity Partners, a private equity firm based in the U.S., has acquired 3G Productions LLC, a leading provider of live event production and systems integration services. The transaction closed on December 16, 2024.

AcquirerChimney Rock Equity Partners (US)
Target3G Productions (US)
Type of DealBuyout
Deal ValueUndisclosed
Stake Acquired100.0%
Close DateDecember 16, 2024
Announcement DateOctober 8, 2024
Purchase ConsiderationUndisclosed
Buy-side Financial AdvisorsNot disclosed
Sell-side Financial AdvisorsNot disclosed
Buy-side Legal AdvisorsSnell & Wilmer
Sell-side Legal AdvisorsNot disclosed

The acquisition is aimed at leveraging 3G Productions' strong reputation and expanding the company into a national brand through organic growth and strategic acquisitions. Under the terms of the deal, the management team of 3G Productions will remain in place, including CEO Keith Conrad, CFO Andrew Ross, Executive Vice President Jay Curiel, and VP of Production Andy Ruiz.

Chimney Rock's investment will also involve all current owners reinvesting alongside the private equity firm while retaining their board positions. The deal includes the retention of all existing employees to support continued business operations and expansion plans.

Deal Rationale

In a statement, CEO Keith Conrad said: “With Chimney Rock as our partner, we aim to rapidly scale 3G Productions into a national brand. This partnership aligns with our vision of expanding the company’s market share and providing exceptional live event production services across North America.”

Financial Context

Over the past three years, 3G Productions has experienced significant growth in its full-service rental and integration business. The company's recent projects include stadium tours for artists such as Blackpink and Grupo Firme, as well as festivals like Electric Daisy Carnival (EDC) and When We Were Young.

Advisors

The deal was advised by Snell & Wilmer on the buy-side. Legal advice to 3G Productions was not disclosed.

Outlook

With the investment from Chimney Rock, 3G Productions is set to double its warehouse space in Las Vegas and expand its service offerings to support further growth and market penetration. The company expects to continue adding new locations and customers across North America.