LOS ANGELES (CelebrityAccess) — The Agency Group, one of the last large independent music booking agencies, has been acquired by the United Talent Agency.
The deal will see Agency Group founder Neil Warnock become head of music for UTA while TAG's current CEO Gavin O’Reilly will step down.
The deal will also see TAG's 95 agents and 2000 clients, including Nickelback, The Black Keys, Paramore and Death From Above 1979(Canada) join UTA. TAG has offices in New York, London, Los Angeles, Miami, Nasvhille, Toronto and Malmo, Sweden.
Financial terms of the deal were not disclosed.
UTA also revealed that it they have sold a minority stake in the firm to hedge fund manager Jeffrey Ubben, whose is founder and chief executive of ValueAct Capital. Ubben's portfolio also holds major positions in 21st Century Fox, Microsoft and Adobe Systems Incorporated among others. – Staff Writers