Chapman Associates Acquisition Announcement
Video Systems Integrator
Chapman Associates has announced that ESCO Communications has been acquired by New Era Technology.
Headquartered in Indianapolis, IN, ESCO is an audio, video, communication, data and security systems integrator. They provide integrated audiovisual communication technology services and systems to educational, healthcare and commercial facilities, entertainment and sports venues, and houses of worship. The company was named one of the Best Places to Work in Indiana in 2018.
A 55 year old family run business, ESCO has experienced significant growth in recent years, with revenue jumping from $26 million in 2015 to $36 million in 2017. “When exploring our options for the next stage in the company’s evolution, New Era emerged as a natural match” said Chip Roth, ESCO’s CEO.
Chapman Associates is one of the most respected middle market Mergers and Acquisitions firms in the country focused on technology and other select verticals. Buyers and sellers have trusted Chapman Associates® since 1954. During that time, Chapman has successfully sold over 2,300 companies worth billions of dollars.