Cast & Crew, an international provider of mission-critical software and technology services for the entertainment industry, has purchased The Team Companies. Team is a payroll and production management company that serves the advertising, music, and live events industries.

TEAM, a portfolio company of TorQuest Partners, delivers a comprehensive suite of software supporting the production of multiple industries. The firm’s technology products include talent and rights management platform for estimating talent costs, tracking licensed element use and contactless onboarding and timecard management.

The acquisition allows the two firms to continue operating under that shared mission of digitizing, automating and simplifying the creation of entertainment content.

“The TEAM Companies and Cast & Crew make an incredible combination,” said John Berkley, CEO of Cast & Crew. “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.”

Cast & Crew was represented by the law firm of Latham & Watkins, LLP and TEAM was represented by the law firm of Torys LLPHoulihan Lokey acted as exclusive financial adviser to The Team Companies.