Freeman Buys Audio Visual Management Group

February 10, 2014

Adding to its audiovisual offerings, Dallas-based Freeman recently bought Audio Visual Management Group, an AV provider for association trade shows, business meetings, and special events based in Richardson, Texas.

AVMG will join other Freeman brands such as, Encore Event Technologies, Stage Rigging and Alford Media as part of Freeman Audio Visual.

“As our customers’ needs continue to evolve, we want to maintain our ability to stay ahead of those shifts and meet changes head-on with agility and ease,” said Ken Sanders, president of Freeman AV.

He added, “The acquisition of AVMG further enhances our portfolio, and together, we can ensure that all of our customers have access to the best and most innovative solutions possible.”

AVMG has particular strengths in the medical events space, according to Freeman officials.

“AVMG’s commitment to creativity and high-quality customer service have helped us remain strong for nearly three decades and helped us to create a unique team and portfolio of solutions,” said Jim Holt, President and CEO of AVMG.

He added, “Joining forces is the ideal next step for both of our organizations as we can now combine our talented employees and deep resources to continue to meet the evolving needs of our customers.”

Terms of the deal were not disclosed.

“We are pleased to welcome AVMG, its customers and partners into the Freeman family,” Sanders said.

He added, “Together, we will continue to deliver the most trusted and creative solutions for our customers."

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.