by Michael J. Shapiro | August 28, 2018
The audiovisual equipment-rental giant VER has emerged from bankruptcy to become part of Production Resource Group, event-tech providers commonly known as PRG. The two companies will operate under joint ownership. VER will continue to exist under that name and maintain its focus as a business-to-business subrental platform, working directly with A/V staging companies and industry pros. All full-service event solutions will now fall under the PRG name. 
The combined company can now provide a complete set of services for tours, festivals and events: PRG's long experience in lighting, video, media servers and staging innovations is complemented by VER's tour-audio gear and history of expertise in video cameras, lighting and display, which will enable PRG to expand its foothold in television and film production.
 
"For more than 20 years PRG has been diligent in offering its clients the best production service and equipment in the entertainment industry," said Jere Harris, PRG's chairman and CEO. "Growth across disciplines, markets and geographies has always been a key part of our strategy. Now, our ability to support all types of entertainment productions globally will take on new meaning."
 
Together, VER and PRG will run about 70 locations on five continents and be able to offer a wide array of equipment options from all major manufacturers.
 
PRG and VER will be commonly controlled by the Jordan Co., GSO Capital Partners and PRG Management. The combined company will be led by CEO and chairman Jere Harris, and president and COO Stephan Paridaen. Bob Krakauer will be CEO of VER.