Providence Equity Partners Invests In TAIT

TAIT – Metallica on “Worldwired” tour
Stage design and technology by TAIT

TAIT, the visionary live event solutions company behind the tours of some of the world’s biggest acts, has received investment from Providence Equity Partners.

TAIT CEO and president James “Winky” Fairorth and CCO Adam Davis will remain significant shareholders alongside Providence. Financial terms of the transaction were not disclosed.

TAIT has been providing advanced creative and engineering solutions to the live entertainment industry since 1978, and has established itself as the world’s market leader in designing, constructing and delivering live event solutions.

One of the few companies of scale that provide an end-to-end solution – from designing to construction, manufacturing and operating custom-built concert touring and permanent installations – TAIT has worked on 17 of the top 20 highest grossing concert tours of all time. 

Its client base includes The Rolling Stones, U2, Taylor Swift, Justin Timberlake, Disney, Universal, Cirque du Soleil and Nike. TAIT also brought Metallica’s vision for its “Worldwired” tour into life. 

TAIT’s IP portfolio includes more than 80 patents in technology and design. 

Providence has been investing in several live events companies over the years, including Ambassador Theatre Group, Learfield, Major League Soccer, Superstruct, Topgolf, Yankees Entertainment and Sports Network, European Media Partnership and the World Triathlon Corporation.

TAIT CEO James Fairorth commented: “We are thrilled to partner with Providence to help take us through our next phase of growth. The firm has an impressive track record of investing in businesses that deliver world-class events and experiences. This growth equity investment is a testament to the breadth and depth of TAIT’s talented team and unique culture of excellence, which have advanced industry standards and exceeded client expectations for over 40 years.”

CCO Adam Davis added: “Providence is the ideal partner to help us accelerate our growth initiatives and strengthen our market position. We are proud to be a part of the Providence family and look forward to working with them to expand our offering for artists, entertainment companies and corporate brands that consistently turn to TAIT for spectacular live experiences.”

Scott Marimow, MD at Providence, said: “TAIT is regarded as the gold standard in the industry for its differentiated capabilities, global presence, client relationships and track record of delivering the finest live event solutions in the world. The company is also well positioned for sustainable growth from strong, secular trends, as artists, entertainment concepts and brands are spending more on live events and production quality to create memorable experiences that drive heightened consumer engagement and sharing across social media. We are excited to partner with such a passionate management team and look forward to working together.”