© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Procam’s Acquisition of HotCam
Posted 28th May 2015

Procam’s Acquisition of HotCam

Procam's Acquisition of HotCam

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Procam’s Acquisition of HotCam

Procam’s Acquisition of HotCam

View Biography
Image

Jonathan Leigh-Hunt, Legal Adviser to Procam

The UK’s largest camera rental facility, Procam, today announced the acquisition of US-based camera rental company HotCam New York. The move enables Procam to provide its expanding US client base with the same levels of service and expertise it is renowned for across the UK, while also supporting UK-based clients shooting in the US.

Procam plans to expand HotCam New York’s offering in the US, as well as extend Procam’s reach into new territories, through further acquisitions over the next 12 to 24 months.

HotCam New York will mirror the extensive range of services provided by Procam’s UK offices in London, Manchester, Glasgow and Edinburgh, which include kit and crew rental, project management, workflow consultancy and training for TV, drama, features, commercials, branded and VoD content. Procam is planning on keeping the HotCam New York branding for the business, and HotCam New York will benefit from the same 24-hour support offered to all Procam’s UK clients, as well as Procam’s industry-leading staff training.

Procam is well-known in the UK for its work with leading production companies including All3Media and Monkey Kingdom (part of NBCUniversal). Its recent productions include the popular Made In Chelsea and technically-challenging The Island With Bear Grylls.Procam also provided crew and equipment on both sides of the Atlantic for Dynamo: Magician Impossible and US support for the British reality series Taking New York.

HotCam New York has a long list of high-profile US shows to its credit, including The Tonight Show Starring Jimmy Fallon, American Pickers and Teen Mom. The company was established in December 2004 by sound mixer Trevor Hotz and partner Ali Grapes, as an off-shoot of HotCam UK. Hotz and Grapes have resigned their positions as co-owners of HotCam New York. HotCam UK will operate unaffected by Procam’s acquisition.

The strategic purchase of HotCam New York was led by Procam’s Group CEO, John Brennan and backed by private equity firm, Foresight Group.

“American production companies have long been asking us to open a facility in New York, and we’ve looked to set up shop there for many years,” said Brennan. “The HotCam New York opportunity fulfils our clients’ demands for a Procam presence in the US, and means we can offer a more seamless and detailed level of service for UK clients shooting in the US. Customer services – from kit logistics and carnet handling to technical assistance on the ground – will now be much easier. Additional group investment will see HotCam New York progress even further with a series of up-to-date enhancements and solutions, and this will also enable us to expand into supporting more high-end dramas and feature productions.”

Clive Jones CBE, Chairman of Procam, said: “Bringing two of the strongest brands in the industry together will deliver significant benefits to our customers on both sides of the Atlantic. The combined entity will have a leading position in the global TV, drama, features, commercials, branded content and VoD hire sectors. These increased capacities will allow us to better meet the huge demands of current customers and acquire new ones. We’re ultimately laying the foundations to advance our goal of growing into a global and integrated TV, drama and film facilities company.”

The acquisition of HotCam New York is the latest part of Procam’s ambitious expansion plans. It follows the recent purchase of UK-based lens service and manufacturing facility True Lens Services, which has designed and supplied lens modifications for high-profile motion pictures, including the Bourne series, 007 Casino Royale and the 2015 Oscar-nominated movie Mr. Turner. Procam also recently acquired rental company Hammerhead TV, expanding its services into Scotland.

“When we look at acquisitions, we look for companies that share a similar philosophy to us, namely the very best service levels delivered with professionalism and attention to detail,” added Brennan. “The gap between feature and television production has narrowed to the point where the production kit requirements are very similar to each other, with the same digital cinematography cameras increasingly commonplace across the board. HotCam New York is a mature company with a great reputation. It fits very well into what we are moving forward to achieve.

Speaking about the sale of HotCam NY, the former Hotcam US owners Ali Grapes and Trevor Hotz commented, “We are both extremely proud of our US legacy and agree that it’s now time for us to evolve a new work dynamic.”

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
A Brighter Economic Future for the Eastern Caribbean
Innovation
21/12/2015A Brighter Economic Future for the Eastern Caribbean

WEBSTER is one of the top legal firms in the Caribbean, offering a range of high quality legal services to a variety of clients.

Read Full PostRead - Eye Icon
Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition
Legal
07/05/2015Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition

Maclay Murray & Spens Advises Phoenix Fund Services During Maitland's Acquisition

Read Full PostRead - Eye Icon
ID Verification: Cashing In On A $5bn + M&A Market
Finance
24/04/2024ID Verification: Cashing In On A $5bn + M&A Market

Digital identity fraud is a growing threat, with the U.S. economy suffering over $52 billion in fraud-related losses in 2021 alone.

Read Full PostRead - Eye Icon
U.S. Money Reserve Reviews Reveal Why Portfolio Holders Choose Precious Metals Over Other Assets
News
14/06/2024U.S. Money Reserve Reviews Reveal Why Portfolio Holders Choose Precious Metals Over Other Assets

Nearly twice as many Americans named gold as the best long-term investment in 2023 vs. 2022, according to a Gallup poll.  Only one asset, real estate, was ranked higher — and fewer consumers identified it as the best long-term investment choice vs.

Read Full PostRead - Eye Icon
Ones to Watch for 2016
Finance
03/03/2016Ones to Watch for 2016

The goal of Directors Mortgage is to provide loans that best suit our clients’ needs. We accomplish this with professionalism and integrity.

Read Full PostRead - Eye Icon
The Art of Mindfulness
Innovation
13/06/2017The Art of Mindfulness

Mahima Klinge, bestselling author and renowned self-mastery mentor and leadership trainer, tells us more about her approach and how we can all benefit from The Mahima Mindset following their recent success in achieving the European Training Awards 2017 – Swi

Read Full PostRead - Eye Icon
CFOs Believe the Global Economy is Improving
Strategy
29/05/2015CFOs Believe the Global Economy is Improving

Amid an improving global economy, the market for deals remains healthy, but CFOs’ outlook on M&A has leveled off somewhat since 2014.

Read Full PostRead - Eye Icon
Enhancing Transparency And Trust: The Value Of Independent Audit And Assurance Services
Finance
11/07/2023Enhancing Transparency And Trust: The Value Of Independent Audit And Assurance Services

In the intricate world of business and financial systems, establishing trust and maintaining transparency has never been more vital.

Read Full PostRead - Eye Icon
Lexial Is A Leading Law Firm
Legal
15/02/2021Lexial Is A Leading Law Firm

Created in 2007, Lexial Law Firm is an international beacon of excellence within the two main fields of business immigration law, and international criminal and political law. With offices across continental Europe, there is much to admire about this firm, inc



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow