The Four Ways Private Equity Makes Its Money

Encore is going public. Behind the headline sits a lesson every events founder should learn before the next call from a sponsor.

Blackstone bought PSAV in 2018, renamed it Encore in 2021, and has now filed to take it public on the New York Stock Exchange under the ticker ECR, seeking roughly $500 million. The company reported a net loss of $27.2 million on revenue of $3.4 billion for fiscal 2025, a sharp improvement on the $176.1 million loss on $3.2 billion the year before, and …