Epic Production Technologies, a provider of lighting systems for concert tours, theatrical productions, and corporate and special events throughout North America has received a $1.5m subordinated debt investment from Praesidian Capital Investors, a leading provider of mezzanine capital for small and mid-sized companies.
Epic was formed in September 2008 through the merger of Q1 Production Technologies Inc. and Ed and Ted’s Excellent Lighting, Inc., with the support of H.I.G. Capital, LLC.
Commenting on the deal, which has brought the total amount invested in Epic to $13.5m, Neil Marks, Managing Partner at Praesidian, was reported as saying: “Our confidence in Epic and its management team has been reaffirmed by the success we’ve had in the first year of our investment.
“Marc Raymond and Ted Fowler are very talented executives with a strong equity partner in H.I.G. Capital.
“We are excited to continue our support of the company and its long-term growth”.