Oak View Group completed the acquisition of Spectra.

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.