22 Jul 2016
NW and Haycom merge
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(Main picture: Haycom founder, Allan Hay)
NW Group has expanded with the acquisition via merger of Haycom, a leading supplier of corporate audio visual services across Eastern Australia. Haycom contributes a significant corporate customer roster, and additional abilities to NW Group which started as an audio company in the early 1990’s.
Haycom has three main shareholders, with founder Allan Hay to retire from the company. Mario Valenti and Stuart Gregg will remain to head the staff across the Adelaide, Melbourne, Sydney and Brisbane offices.
The acquisition is in the form of cash and shareholding, where NW Group issues additional shares and committed shareholders work within the group. NW Group contains Spyglass and Oceania (NZ), Norwest Productions, Cairellie, and Phase 1 Audio in Perth.
Managing Director Matt Jones told CX the objective is to offer full event technical services in each location. There are still some gaps, notably in lighting, and the call to arms on the NW Group website could see further mergers to better fulfill the group objective.
With the Haycom deal factored in, group turnover approaches A$1 million a week.
NW Group is now the largest Australian owned production provider after several recent sales saw other firms move to USA ownership.
NW Group (Incorporating Norwest, Oceania, Cairellie, Spyglass, and PhaseOne), a leading supplier of audio, lighting, and vision services across Australasia, is pleased to announce that it has agreed terms to merge with Haycom, a leading supplier of technical services to the corporate event market in Australia.
Both companies have fantastic reputations in their areas of expertise, and the bringing together of these two businesses enables both to expand their equipment offerings and capabilities, improve the level of service delivery to their clients, and increase efficiencies. This merger also creates outstanding career opportunities for staff of both companies as they continue to lift their scale, regional presence, and technical capabilities. Chairman and Founder of Haycom, Alan Hay will retire from the business following the merger, and current directors Mario Valenti and Stuart Gregg will lead the Haycom business going forward.
Managing Director of NW Group, Matt Jones said, “As conversations with Haycom evolved, it became very clear that the NW Group and Haycom businesses in Australia are complementary. The merger increases the level of support and service we can provide to our clients in Australia, and reinforces the wider NW Group’s ongoing commitment to providing a full technical solution for clients across all our offices. The merger also provides great opportunities for the NW Group to leverage Haycom capabilities into its in-house technical service venue operations in both the Australian and NZ markets”.
Chairman and Founder of Haycom, Alan Hay said “I am very excited that our clients and our staff will all benefit from the enhanced opportunities that will flow from this merger”
In a joint statement, Mario Valenti and Stuart Gregg said “Finding the right company to merge with was vitally important to us and in the NW Group we have found that company and management team that will enable us to support our business and staff enabling us to grow and increase the value we offer to our clients”.
Over the coming months, NW Group and Haycom operations in Australia will be brought together under one roof. All other contact details will remain the same.
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