Quixote Studios has acquired Movie Movers Inc. for an undisclosed price in a deal that combines two major players in Hollywood production truck and trailer fleets.
The move comes at a time when the industry has been pushing for California to sweeten its production tax credit with legislation to expand the program clearing the Assembly’s Revenue and Taxation Committee on Tuesday.
The merged entity has more than 200 full-time staffers with with a fleet of 150 production trucks and over 450 trailers. About two-thirds of the vehicles are part of Movie Movers.
Mikel Elliott remains CEO of Quixote, founded in 1995. Elliott started Quixote with a single motorhome along with current Quixote partner Jordan Kitaen.
Quixote runs two studio facilities in Los Angeles and a third in New Orleans with a combined 1 million square feet of production space. Besides production vehicles, Quixote provides grip and lighting equipment, trucks, expendables and production supplies and has offices in the production centers of New York, New Orleans, Atlanta and Michigan.
Movie Movers was founded in 1984. Its executive leadership will join the combined entity underemployment contracts.
“The Movie Movers acquisition culminates a long-term strategy to provide the highest-quality trailers to the film and TV marketplace,” Elliot said.
Quixote’s financial adviser was The Sage Group LLC and legal representation was provided by Eisner Jaffe Gorry Chapman & Ross.