Specialist Hire and Events business, SLX, has been sold by the Stage Electrics Group in a transaction led by the existing chief executive of the Hire & Events business, Alastair Currie.
SLX has a heritage dating back more than 40 years and serves the Live Events, Hire & Broadcast markets throughout the UK.
All staff will transfer as part of the transaction which completed on Friday 11th October 2019.
Alastair Currie says “Two years ago I joined SLX and at the time had no idea what an amazing business I would find. SLX is brimming with some of the most knowledgeable, talented, passionate and dedicated individuals I’ve ever come across. From delivering on incredible West End productions and national tours to utterly unique corporate events as well as being in house providers at nationally recognised top tier venues, I couldn’t be more proud of the work we do. There is still an incredible untapped opportunity and I’m confident our plans for significant investment in the latest lighting products and further investment in our technical team will enable SLX to quickly become recognised as the leading player in the Hire and Live Events sector.
Maria Townsend CEO of Stage Electrics Group commented: “We believe that this decision is extremely positive for Stage Electrics, it will enable us to target our management time and focus our resources more effectively. As a market leader in installation, sales and venue services both in the UK and overseas, we felt the timing was right to concentrate purely on our core businesses.”