Announced
Completed
Financials
Tags
Private Equity
United States
Single Bidder
Payroll
payroll and production management
Domestic
Acquisition
Majority
Private
Friendly
Completed
Synopsis
Cast & Crew, a provider of mission-critical software and technology-driven services, completed the acquisition of TEAM, a payroll and production management solutions company, from TorQuest, a private equity fund. Financial terms were not disclosed. "The TEAM Companies and Cast & Crew make an incredible combination. We each provide solutions to many of the advertising and entertainment industries' most critical challenges and do so in complementary ways for diversified segments of entertainment production. Their strength in the advertising, live events, and music industries has been the result of unwavering commitment to serving and innovating for their customers. By joining forces, we are bringing together the talent, technology, and expertise that will benefit each of our respective customers and enable the next generation of solutions for the next chapters of growth and transformation in our industry," John Berkley, Cast & Crew CEO.
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