Learfield Communications is the parent company of Learfield Sports, which manages the multimedia and sponsorship rights for more than 120 collegiate institutions, conferences and arenas. Atairos has experience and a strategic partnership with Comcast-NBC Universal that will enable it to develop new opportunities, services, and insights for its collegiate partners, particularly in programming, digital capabilities and social media.
Learfield President and CEO Greg Brown will continue to lead the senior management team as there are no plans to make staffing, management or operations changes to the company.
“We have admired Learfield for quite some time and have tremendous confidence in Greg Brown and his leadership team,” says Atairos CEO Michael Angelakis. “We believe that our sector expertise, combined with our long-term investment approach, will enable the company to accelerate its growth initiatives, achieve its strategic goals, and continue to deliver world-class solutions to its clients and partners. As the company transitions to this exciting new chapter, we are enthusiastic about the opportunities ahead and look forward to partnering with the entire Learfield team for many years to come.”
Terms of the transaction were not disclosed. — M.Q.