COLUMBUS, OHIO — Live Media Group Holdings (LMHG) has purchased a video broadcasting (Outside Broadcasting) and production company based in Ohio’s capital city.
The transaction closed on March 1 and marks LMGH’s fourth strategic acquisition in the past three years.
Founded in 1986, Lyon Video maintains a fleet of 11 production trucks, including three that support native 4K/UHD production, and seven B-unit trucks that provide additional space for graphics, slow-motion replays, or second-screen production. The company also provides production crewing, equipment rental, turnkey live production solutions, production facility design, and streaming services including its own LYON CLOUD streaming video platform.
Brad Sexton, President and CEO of Live Media Group Holdings, said the company will continue to operate as Lyon Video, and there will be no changes to the leadership team, company structure or operations.
He said, “Lyon Video has built their brand and its amazing reputation over the past 36 years. Their relationships with clients across live events, sports and broadcast markets have been earned through high-quality, high-profile productions. The reasons for the purchase were simple: Lyon Video’s assets are phenomenal, their engineering team is one of the most talented in the industry, and the Midwest location allows LMGH to continue to support client projects across the country.”
LMGH brands include Live Media Group, Live Mobile Group, TNDV and Harb Production Services.
Combined, the operations represent one of the largest mid-level unit production companies in the United States.
Ardea Capital Partners and the Private Credit business within Goldman Sachs Asset Management (Goldman Sachs) led the investment round of Live Media Group Holdings.
Financial terms associated with the acquisition were not disclosed.
— Brian Galante