TC Studios Acquires the shadowlight group, ltd.
December 14, 2020
TC Studios, LLC has acquired the shadowlight group, ltd., combining the two commercial photography and video studios into a larger creative studio with roughly 65 creative professionals and 135,000 sq. ft. of space (including a 10,000 sq. ft. sound stage). The combined company will operate from Shadowlight's Leola, Pennsylvania studio with Ted Clements as CEO while Shadowlight co-owners Phil and Kristen Hiestand will support the transition as they step toward retirement.
- Buyers
- TC Studios, LLC
- Targets
- the shadowlight group, ltd.
- Sellers
- Phil Hiestand, Kristen Hiestand
- Industry
- Media & Entertainment
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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