Providence invests in Tait Towers
Funds advised by Providence Equity Partners, the parent company of Sziget/Flow Festival owner Superstruct, have bought into industry leading staging specialist Tait
News By | 26 February 2019
Providence Equity Partners, the parent company of festival operator Superstruct Entertainment and event tech company Patron Technology, has invested in Tait, which designs and supplies concert touring infrastructure for some of the world’s biggest acts.
Tait – founded in 1978 as Tait Towers – designs, constructs, manufactures and operates stages and installations for a roster of clients that includes the Rolling Stones, U2, Taylor Swift, Justin Timberlake, Disney, Universal, Cirque du Soleil and Nike. The company, headquartered in Lilitz, Pennsylvania, but with offices across North America, Europe and Asia, has worked on 17 of the 20 highest-grossing tours of all time.
The investment from funds advised by Providence, terms of which were not disclosed, sees the private-equity firm become a major shareholder in Tait, with the company’s CEO and…
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