Oak View Group, a global venue development, advisory and investment company for live entertainment industries, has acquired Spectra, a venue management and hospitality provider.
The combined organization will aim to serve clients with a complete array of venue and hospitality services including booking advocacy, food and beverage experiences, sales and marketing support, public health and safety services, sustainable green operations and analytical insights.
OVG currently specializes in real estate venue development and financing, sales, partnership engagement and more. The firm currently has partnerships with recently opened Climate Pledge Arena of Seattle and UBS Arena of Belmont, NY.
“The combined strength, energy, and expertise of OVG and Spectra has created a dynamic company, the likes of which the industry has not yet experienced,” added Dave Scott, chairman and CEO of Comcast Spectacor.
UBS Investment Bank acted as financial advisor and Kirkland & Ellis LLP acted as legal advisor to Oak View Group. Moelis & Company LLC acted as exclusive financial advisor and Davis Polk acted as legal advisor to Spectra.