Bug Music has now finalized the agreement acquiring Windswept Holdings and T/Q Music, a deal first reported by Billboard.biz in May.

Bug CEO John Rudolph, president David Hirshland and president of international Mark Anders will continue to serve in their roles. Rudolph tells Billboard.biz that Windswept will continue to operate under its name, although offices in Los Angeles, New York and Nashville will ultimately be combined.

Tokyo-based Fujipacific Music and Fuji Television Network formed the U.S.-based Windswept Holdings in 1999 after selling part of their Windswept Pacific catalog to EMI Music Publishing. About 50,000 copyrights make up the combined Trio/Quartet catalog (with some songs from Jerry Leiber and Mike Stoller) and the Windswept catalog. Financial terms were not disclosed.

Bug is owned by Crossroads Media, certain members of Bug's management including Rudolph, and Bug founders Dan and Fred Burgoise. Crossroads is a private equity firm owned by former Viacom COO Tom McGrath, Spectrum Equity Investors and Columbia Partners Private Capital.

Bug was advised in the deal by Latham & Watkins and Jeff Sacharow, with financial advisory services by Kirsten Wilson, Music Analytics/W Group. The sellers were represented by Loeb & Loeb, Sidley Austin, and Mayer Brown Rowe & Maw.