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Facilities by ADF Plc has acquired Location One Ltd
Facilities by ADF Plc has acquired Location One Ltd, the UK’s largest supplier of location supplies to the Film & TV industry.
Facilities by ADF is pleased to announce the acquisition of Location One, the UK’s most established TV and Film Location service and equipment hire company. ADF and Location One are well known to each other, with a successful history of working together on a wide variety of productions including The Crown, Top Boy and The Gentleman.
The total consideration for the acquisition is £8.86 million.
Location One has created a high-service model that supports the production industry’s unique needs, with a customer base including Amazon Studios, Netflix, Warner Brothers and the BBC. The Acquisition brings highly complementary services to ADF which will provide cross selling opportunities to the enlarged Group, as well as delivering efficiencies through central services. . This acquisition of our long-standing partner is a significant step in ADF’s journey to becoming a one-stop-shop for film and high-end TV.
Commenting on the acquisition, CEO Marsden Proctor said:
“Facilities by ADF has worked with and admired Crispin and his team at Location One for many years as we have a long and excellent track record of working together on productions across the UK. With both businesses committed to providing high-quality equipment and customer service levels, along with having similar cultural values and impressive sustainability credentials, we are particularly excited by the strategic fit of the two organisations.
“This acquisition will enable us to provide the very best services the industry has to offer under one roof, as the UK continues to experience an increasing influx of inward investment and production and as we see the demand for content reaching record levels. It is yet another example of our commitment to accelerating growth since IPO and a reflection of the hard work across all teams at ADF. We see great opportunity for this acquisition and look forward to working with the Location One team to continue to build on this momentum.”
Read the full article here
Published on December 1st, 2022