As expected, music management veteran Irving Azoff has signed an agreement to acqui
As first reported here in February, music management veteran Irving Azoff has signed an agreement to acquire live-event company TBA Entertainment Corp. Azoff's partners in the purchase include industry executive Robert Geddes and JHW Greentree Capital, an affiliate of asset management company Whitney & Co.
At the deal's completion, Geddes, a former co-owner of promotion firm Avalon Attractions, will be named CEO of TBA. Azoff and Mike Stone, currently managing partner of JHW Greentree and Whitney & Co., will be co-chairs. The two will continue as heads of azoffmusic and JHW Greentree, respectively.
Pending shareholder approval, the acquisition is slated to close during the second quarter.
"By leveraging the combined resources of the partnership and TBA, we will create an unparalleled level of communications services and music marketing expertise," Azoff says of the merger.
TBA has produced such events as the Fruit of the Loom Country Fest and Hard Rock Rockfest. It also has a management division, which counts Brooks & Dunn and CeCe Winans among its clients.
Azoff's current clients at his azoffmusic firm include Christina Aguilera and the Eagles.
TBA will continue to operate offices in Los Angeles, Nashville, Atlanta, Chicago, Salt Lake City and San Diego. Its current chair, Jock Weaver, will serve as a consultant to the company through a transition phase.