CAA Sports has acquired Barrett Sports Group, a boutique firm that specializes in venue advisory and valuation, and has merged it into its existing team owners’ representative and project management division, ICON Venue Group. The combined practice will now be known as CAA ICON....
...Romani and Barrett said they have known and respected each other for about 20 years and have worked together in the past, both on the same side and on opposite sides of the table. “Tim’s core business is really planning and getting these buildings constructed,” Barrett said. “On our venue advisory services side, we are on the planning side of those facilities as opposed to the construction side.”
Romani said that since he joined CAA Sports last year, he and other agency executives have been looking at ways to expand the facilities business group and the services it offers. They looked at expanding into business areas BSG is in, but decided instead to acquire the company.
“The big draw for us is the immediate value that comes with the market analysis and venue development support that Dan brings that enhances our business and what we do,” Romani said. “Dan’s firm has been the gold standard [in that area of work] for as long as I have been in this business.”
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