The Team Companies joins Cast & Crew portfolio of brands
On November 18, 2021, Cast & Crew Entertainment Services, LLC (“Cast & Crew) announced it signed a definitive agreement to purchase The Team Companies, Inc. ("TEAM"), bringing together two companies with a shared mission of digitizing, automating, and simplifying the experience of creating entertainment content. Terms of the transaction were not disclosed.
TEAM will remain a distinct brand within the Cast & Crew portfolio of companies.
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TEAM offers a comprehensive suite of software and services that support the creation and production of content and experiences in Advertising, Music and Live Events. The company's Payroll division spans union & non-union talent, crew, and music and its Business Affairs division offers services including talent & production business management, celebrity & influencer engagement, rights management, traffic and network clearance as well as signatory support for North American performer unions. The Company's technology products include robust Talent & Rights Management platform for estimating talent costs and tracking licensed element use, as well as TTC Online for contactless onboarding and timecard management.
Cast & Crew is a leading international provider of mission-critical software and technology driven services including payroll and human resources, accounting and financial, reporting and data, and content and collaboration software and services to the entertainment industry. The company's products and services include payroll processing, production accounting software, residuals processing, workers' compensation services, labor relations, production incentives, as well as financing production tax credits.
TorQuest Partners is a Canadian-based manager of private equity funds. With more than C$3 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund V, a C$1.375 billion fund that closed in March 2020.