Oak View Group and Spectra Merge in Mega Deal

Venue company Oak View Group (OVG) recently completed the transaction to acquire Spectra, a venue management and hospitality provider, to create a full-service live events company. The financial terms of the transaction were not disclosed.

“Now that OVG’s acquisition of Spectra is complete, we can get down to the business of delivering an expanded highly competitive set of services that anticipate and meet the evolving needs of our global client base,” says Tim Leiweke, CEO of OVG. “We’ll begin the important process of fully integrating the talented team at Spectra and bringing together our two organizations to create something truly extraordinary in the live events and entertainment industry.”

The deal comes at a time when OVG is busy leading arena redevelopment and operations of the recently opened Climate Pledge Arena at Seattle Center and other venues across the country.