Tait, the Lititz-based agency that produces phases, units and show-control techniques for reside occasions worldwide, introduced Wednesday it agreed to accumulate Thinkwell Group, a world agency based mostly in Los Angeles that focuses on planning, design and manufacturing of installations.
The firm representatives declined to debate phrases of the deal, which brings greater than 170 staff of Thinkwell below Tait’s umbrella. All will probably be retained, firm representatives mentioned.
Tait has greater than 1,000 staff globally with practically 500 staff based mostly in its Lititz headquarters.
The transfer is meant to place Tait, greatest recognized for stage work for performers equivalent to Taylor Swift, because the “most comprehensive end-to-end developer of entertainment and experiences,” the corporate mentioned in a information launch.
“Tait’s pre-COVID strategy to continue growth across all aspects of live entertainment and experiences has not waivered,” the corporate responded to questions from LNP by way of its public relations company, Rubenstein.
It is the fourth acquisition since early 2019 when a non-public fairness agency made a serious funding in Tait. It’s not clear what stake Providence Equity Partners has in Tait. At the time, Tait leaders mentioned the funding would assist take the corporate by way of its subsequent part of progress. The infusion was anticipated to speed up progress and strengthen its market place, they mentioned.
The transaction is the seventh acquisition by Tait since 2012, in keeping with Tait’s web site. Tait co-developed the Rock Lititz campus in Warwick Township for live-event companies, though Tait itself doesn’t occupy any of Rock Lititz’s buildings. It operates elsewhere in Lititz.
That technique seems to have expanded Tait’s potential to supply reside experiences at venues equivalent to theme parks and resorts:
In June 2019 Tait acquired Kinesys, a world enterprise based mostly in London that gives automation techniques to the leisure business. It makes hoists and digital techniques to manage them. The hoists elevate and decrease lighting, surroundings, video partitions, trusses and different objects.
In November 2019, Tait acquired Wakefield, U.Ok.-based Brilliant Stages recognized for creating epic buildings, superior phases, and spectacular movement.
In October 2021, Tait acquired ITEC Entertainment, a Florida agency that creates spectacular locations and experiences. The firm serves the leisure, hospitality, and leisure industries. The deal included its technical design and manufacturing division, ITEC Technologies.
The acquisition comes at a time when the reside leisure business is rebounding from shutdown within the pandemic and is looking for innovation to maintain the eye of shoppers who’ve been immersed in digital and digital leisure for 2 years.
Tait is a high firm in designing and producing phases utilized by rock bands on tour, in addition to installations for theaters, cruise ships, company occasions and different settings. Its marquee shoppers vary from Princess Cruises, Fortnite World Cup, and U2 to Disney, Universal, and the Olympics. At the core of its companies is Tait Navigator, an business main present management and proprietary automation platform that maximizes the consumer’s artistic imaginative and prescient.
Thinkwell Group, is a world technique, expertise design, and manufacturing company specializing within the grasp planning, design, and manufacturing of world-class visitor experiences for theme parks, museums, Its shoppers embrace Warner Bros. Studios and Google.