Michael Cannon has acquired Main Light Industries, Inc., aiming to maintain its dry hire rental model and expand its services within the entertainment equipment rental sector.
Information on the Target
Main Light Industries, Inc. (MLI) is a renowned dry hire provider of entertainment-related equipment, catering to professional production companies globally. With a legacy spanning over 40 years in the industry, MLI specializes in providing top-tier lighting equipment and soft goods. The company is headquartered in Wilmington, Delaware, and has maintained a consistent business model focused on dry hire rentals.
Under the leadership of Michael Cannon, the newly minted President and CEO of Main Light, LLC, MLI intends to retain all current employees and continue its established operational practices. Cannon emphasized the importance of the team’s extensive experience, highlighting the contributions of long-serving employees who have been instrumental in MLI's success.
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Industry Overview
The entertainment equipment rental industry is a significant segment within the broader media and entertainment sector. In recent years, the demand for high-quality production equipment has surged, driven b
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Michael Cannon
invested in
Main Light Industries, Inc
in 2023
in a Management Buyout / Buy-In (MBO) deal