CAA Sports has acquired ICON Venue Group, an arena and stadium project management firm that has overseen high-profile sports developments.
The acquisition launches CAA Sports into an entirely new business — acting as owners’ representatives in the building of major sports facilities. Financial terms of the deal were not disclosed.
...“We’re engaged directly by team owners, cities, stadium authorities, private developers that are in the business of building entertainment facilities,” said Tim Romani, CEO and founder of ICON Venue Group.
ICON Venue Group will keep its name and continue to operate under Romani. He and 70 employees of Denver-based Icon, including engineers, construction project managers and attorneys, have all joined CAA Sports as part of the deal.
...“What will be different is the ability for us to cover more ground for our clients,” Romani said. “Having CAA in this journey and really providing the vision and the leadership for this going forward is going to allow us to take our level of client service to a completely new place.”
If you subscribe to the Sports Business Journal, you can read the full article here: More
To view the official press release regarding the acquisition, click here.