The outsourced AV club: PSAV files for an IPO that could raise $300 million

PSAV, which provides outsourced audiovisual and technology services for events, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $300 million.
PSAV was acquired by Goldman Sachs (NYSE: GS), Olympus Partners and other investors in January 2014 for $878 million.
The Schiller Park, IL-based company, which booked $1.4 billion in sales for the 12 months ended June 30, 2015, plans to list on the NYSE under the symbol PSAV. Goldman Sachs, Morgan Stanley, Barclays and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.

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