The Concord Group, which owns Concord Records, Concord Jazz, Fantasy, Stax, Milestone, Riverside, Specialty, Telarc, Peak, Heads Up, Prestige, among others, announced it has acquired Rounder Records. Forty year old Rounder’s roster includes Alison Krauss, Mary Chapin Carpenter, Béla Fleck, Steve Martin, Madeleine Peyroux, Robert Plant, Raffi and Willie Nelson. The acquisition covers more than 3,000 of Rounder’s masters.
Rounder’s creative and marketing functions will continue to be based in Boston and its owners and founders Ken Irwin, Bill Nowlin and Marian Leighton Levy will remain active with the company in a creative and advisory capacity. The company’s senior management will also remain in place: John Virant will continue as the president of Rounder; Sheri Sands will stay on as GM. Operating synergies will be achieved by combining the sales, administrative and support functions of the two companies.
Terms of the deal were not disclosed.