In addition to acquiring a large amount of inventory, 4Wall will also gain members of the TLS, Inc. team who will assume roles within the company. TLS, Inc. Owner David Milly will assume the role of Executive VP of Business Development while current TLS, Inc. Touring Manager Scott Devoss will become the VP of Concert Touring for the company.
Milly, speaking of the sale of TLS, Inc. to 4Wall, stated:
“This move will allow us to provide our customers with access to 4Wall's rental inventory, which contains the newest lighting products available. In addition I feel our customers will receive the same attention to detail we have always provided at TLS, Inc.
Milly, in addition to his role of Executive Vice President within 4Wall, will also be a Co-Owner and Shareholder in the new 4Wall Nashville, which will act as the headquarters for the company's Southern US operations. 4Wall Nashville will be the fifth 4Wall location joining New York, Las Vegas, Los Angeles, and Washington DC.
4Wall CEO Michael Cannon spoke of the purchase, saying:
“TLS, Inc. and David Milly have a great reputation throughout the industry. By combining 4Wall's inventory with the experienced staff and established presence of TLS, Inc., I feel we can build upon the customer relationships they have created while at the same time forging new ones.”
4Wall's purchase of TLS, Inc. is expected to be completed as of June 1st.