Production support services specialist Talent Partners has acquired Burbank-based PES Payroll for an undisclosed price.
PES Payroll has 50 employees with a core focus on services for unscripted television, commercial crews and live events. The privately held Talent Partners has 285 full-time employees among its various offices in New York, Chicago, Los Angeles, London and Toronto and provides talent and production support services for more than 750 agency and advertiser clients representing 1,500 brands. It is not anticipating any job cuts.
The deal comes five months after asset manager the Carlyle Group acquired a majority interest in Talent Partners.
“Our acquisition of PES Payroll is the first step in a transformative opportunity made possible by the Carlyle Group’s investment in us,” said president and CEO Paul Muratore (pictured above). “This is an important part of our far-reaching plan to provide the most innovative solutions and value for our clients – to become an even more nimble and resourced production support services provider, for the increasingly global commercial industry and new growth areas like reality television, feature films, new media content and live events.”
David Stonehill, Carlyle managing director, said, “Our investment in Talent Partners was based on its diverse global capabilities, its long-standing relationships with high quality clients and its growth potential. The acquisition of PES Payroll is an important step in its growth, a smart, strategic alignment that will provide greater capabilities to both Talent Partners’ and PES Payroll’s clients.”