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Main Light Industries acquired by Michael Cannon
Tuesday, 2 March 2021
MLI will continue to offer dry hire rental
USA - Michael Cannon, co-founder and former CEO of 4Wall Entertainment, has acquired Main Light Industries, Inc (MLI), a dry hire provider of entertainment equipment. MLI will remain headquartered in Wilmington, Delaware and retain all of its employees but its founder, Aidas Gimbutas, will be stepping away from the company.
Gimbutas comments: “Deciding to sell your business is never easy. Of course, a business owner is looking to capitalize monetarily, but I did not seek a new owner based on this alone. I could not have found a better person than Michael Cannon to accept ownership of Main Light. Michael is investing in what is obviously, a tough time for the industry. He is continuing full-time employment for our dedicated and loyal staff; he respects our customer service approach, and he is here to not only continue but will strengthen Main Light’s ability to p
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