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New Deal


Announced

Armanino to acquire Blue Sky Group and Royalty Compliance Organization.

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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royalty auditing

music rights

United States

music management

Single Bidder

Media Agencies

Majority

Acquisition

Private

Pending

Friendly

Domestic

Synopsis

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Armanino, an accounting and consulting firm, agreed to acquire Blue Sky Group, a music business management team, and Royalty Compliance Organization, a music rights and royalty auditing firm. Financial terms were not disclosed. "As far as industry-leading experts, we could not be more thrilled with the knowledge and talent that Blue Sky and RCO bring to our team, we know this will be incredibly valuable for our clients. This will make Armanino one of the only business management groups in the world that will be able to offer the full slate of entertainment services while allowing us to deepen and expand our reach into Nashville, which we view as extremely important for our growth goals," Craig Manzino, Armanino Partner, Business Management.

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