Rocky Point Company Expands Its Reach With Purchase Of N.Y. Firm

Rocky Point Company Expands Its Reach With Purchase Of N.Y. Firm
BY JOHANNA CANO, POSTED JUN 19, 2019

Filmwerks, a Rocky Point company that provides production services for broadcasts and events, has acquired New York-based Hale Electrical in a deal that would grow the local company’s geographic reach and inventory asset, according to Filmwerks President Michael Satrazemis.

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“We had used Hale Electrical as a supplier for various concert and live event projects in the past and it was a component that we didn’t really have in our inventory; none the less, it was something we needed,” Satrazemis said. “Our relationship with them has built over time.”

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The company is working on designing the 2020 Super Bowl in Miami and will be heavily involved in all broadcast elements for the 2020 presidential candidate debates, primaries and presidential inauguration, he said.

With the closure of the Hale Electrical purchase, Filmwerks is planning on making other acquisitions this year, one within the next 90 days, Satrazemis said.

"We want to churn out another acquisition," he said.

Omitted portions at the link.

http://www.wilmingtonbiz.com/more_news/2019/06/19/rocky_point_company_expands_its_reach_with_purchase_of_ny_firm/19082