Joining forces: Oak View Group (OVG), a global venue development, advisory, and investment company for the sports and live entertainment industries, and Spectra, one of the industry’s leading venue management and hospitality providers, are merging. Financial terms of the transaction were not disclosed.
Tim Leiweke, CEO of OVG, commented, “This merger brings together two dynamic leaders in the live events industry with complementary capabilities that will deliver a broad array of services to our clients.”
„This merger accelerates our existing strategy.“
Dave Scott, CEO of Spectra, said, “This is an exciting development for Spectra and an important step in our journey to provide unparalleled services to our clients along with exciting growth opportunities for our team members as part of a larger, more diverse organisation. This merger accelerates our existing strategy and will lead to significant opportunities to cross-sell food, beverage and sponsorship services across our combined client base.”
The combined company aims to provide industry-leading expertise in booking and creating content for the venues it manages. The company has also underlined that it will be committed to sustainability across its business operations.www.spectraexperiences.com/oak-view-group-and-spectra-to-merge