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Announced

Completed

Oak View Group completed the acquisition of Spectra.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Merger

Single Bidder

Majority

Private

Domestic

Completed

Business Process Outsourcing

hospitality

United States

Synopsis

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Oak View Group, a venue development company, completed the acquisition of Spectra, a venue management and hospitality provider. Financial terms were not disclosed. "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. OVG's core competencies in arena development and corporate sponsorships, coupled with Spectra's leadership in food and beverage services will create a full-service live events company that will deliver a compelling and highly competitive set of offerings that meet our clients' evolving needs. I look forward to collaborating with the talented team at Spectra and bringing together our two organizations to create something truly unique," Tim Leiweke, OVG CEO.

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