Blackburn entertainment company bought by Las Vegas-based group
Blackburn-based entertainment services specialist HSL Group Holdings has been acquired by Las Vegas-based 4Wall Entertainment Inc in a multi-million-pound deal.
HSL provides high level lighting, video, rigging, and production services to all areas of the professional entertainment industry.
The company's 165,000 sq ft facility in Blackburn is now being rebranded as 4Wall UK, creating the first international base for the American equipment and services provider.
HSL managing director Simon Stuart, who is remaining with the business, said: "This deal will ensure the long-term stability of our location. We couldn't be happier to join this amazing organisation.
Wes Bailey, 4Wall COO, said: "This was the right time for 4Wall to expand into the international market. There is a strong group in place that will help us introduce the 4Wall brand to the UK in a positive way.
This deal will ensure long-term stability.
"4Wall and HSL have previously worked together on concert touring acts travelling between the two countries, creating a natural partnership between key employees and even customers that will be strengthened moving forward."
Pauline Rigby, partner and head of corporate at Forbes, and associate solicitor Jenny Burke, from the corporate team, both based at the Walton Summit office, acted for HSL Group Holdings Limited in the sale of its business and assets, on structure of the deal and on the transactional documentation.