BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Savage Universal Corporation and its affiliates (Savage or the Company) to The Vitec Group plc (LSE:VTC). BDO Capital served as exclusive financial advisor to Savage on this transaction, which builds on the firm’s experience advising family-owned businesses in the manufacturing & distribution sector. Valentina Midura, Senior Managing Director, led the client engagement for BDO Capital.
Founded in 1937, Savage is a distributor and manufacturer of photographic solutions. The Company has a demonstrated track record as an industry innovator to the professional and amateur photography community earning it recognition as the #1 trusted brand in the marketplace. Savage offers a comprehensive product portfolio of photographic backgrounds, lighting solutions, studio and location support equipment as well as patented professional grip / video equipment making it a one-stop-shop for the photography and content creation community. Savage offers its products through a large and well-established network of dealers and directly through the Company's website.
Vitec is a leading global provider of premium branded hardware products and software solutions to the growing content creation market. Vitec's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, gamers and enterprises. The company’s product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, bags, backgrounds and motion control, audio capture and noise reduction equipment. Vitec employs around 2,000 people across the world in 11 different countries and is organized in three divisions: Imaging Solutions, Production Solutions and Creative Solutions. The Vitec Group plc is listed on the London Stock Exchange.