Wasserman Completes Acquisition Of CSM Sport & Entertainment
Management and marketing powerhouse Wasserman has clinched its acquisition of UK-based CSM Sport & Entertainment, expanding its services and geographic footprint.
The deal for CSM, led by Matt Vandrau, was unveiled in July. Financial terms weren’t disclosed.
The move further broadens Wasserman’s reach in pro-sports as well as music and entertainment, expanding tailored services it can offer through a network of relationships with brands, properties and talent across 27 countries and 62 cities worldwide, said today’s announcement, calling the two companies “a natural fit.”
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This is also acquisition no. 12 for the Wasserman over the past two years, the company said. Last month, it acquired entertainment management and production company Brillstein Entertainment Partners.
In a seminal deal in 2021, it Wasserman acquired Paradigm’s live music division, launching Wasserman Music, at a time when Covid had grounded touring revenues — which have since seen a dramatic resurgence.
In 2022, it announced a strategic investment by Providence Equity Partners.
“The completion of the Wasserman-CSM deal is another exciting and important milestone in Wasserman’s growth as we continue to build a company that serves the best talent, brands and properties across the world. I, along with the entire Wasserman team, am looking forward to working with Matt Vandrau and his colleagues as part of a world-class management group running a global platform that powers the business of sports, music, entertainment and culture,’ said Casey Wasserman, chairman-CEO of Wasserman.
CSM CEO Vandrau called the deal “a combining of expertise that brings together the brightest and the best in the world of sport, music, entertainment and culture. This is the start of what will be an incredible new chapter.”
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