Oak View Group has completed its acquisition of Spectra, the venue management and hospitality provider, to create a full-service live events company.
OVG, the global venue development, advisory and investment company for sports and live entertainment sectors, originally announced the merger at the end of August.
The deal was able to be completed after approval from the Department of Justice, which did not identify antitrust concerns.
Tim Leiweke (pictured), chief executive of OVG: “Now that OVG’s acquisition of Spectra is complete, we can get down to the business of delivering an expanded highly competitive set of services that anticipate and meet the evolving needs of our global client base.
“We’ll begin the important process of fully integrating the talented team at Spectra and bringing together our two organisations to create something truly extraordinary in the live events and entertainment industry.”
Read the full story on our sister site: TheTicketingBusiness.com.
Image: OVG
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