TEG Acquires MJR Group To Form TEG UK

Here's to a bright future working together as TEG UK
– Here’s to a bright future working together as TEG UK
From left: Dan Ickowitz-Seidler, MJR’s head of UK venues and propaganda, Geoff Jones, CEO TEG, and Richard Buck, The MJR Group’s CEO and head of UK

Asia Pacific’s live entertainment giant TEG acquired UK-based event promoter and venue operator MJR Group. Financials of the deal weren’t disclosed.
MJR Group promotes and operates more than 2,000 shows a year and has toured acts including 50 Cent, Hans Zimmer, UB40 and Culture Club.  
The company owns and operates multiple venues across the UK including Tramshed in Cardiff and The Mill in Birmingham, has stakes in six other venues including The Warehouse in Leeds and owns the leading club-night brand in the UK, Propaganda.
The deal gives The MJR Group opportunities to tap additional talent for UK tours and the chance to develop a UK presence for TEG’s business.
MJR Group operations will be incorporated into TEG’s global offering, with The MJR Group’s UK operations to be renamed TEG UK. 
Richard Buck, CEO and founder of The MJR Group said, the move marked a step-change in MJR’s rapid development: “We are very excited by this venture and the enhanced business opportunities brought by TEG. We’ve worked hard to scale the business over the last five years and this next step in our evolution will further strengthen our position in the market.
“Both companies are digitally-focused and this synergy allows both parties even more leverage by combining each other’s tech expertise and insights to best connect with live entertainment fans.”
TEG CEO Geoff Jones said: “TEG is already Asia Pacific’s leading ticketing, live entertainment and technology business and this acquisition marks a significant step towards TEG becoming a global live entertainment powerhouse.
“The MJR Group is a great fit for TEG. It has strong management talent and a clever live entertainment model to which TEG can add ticketing, analytics and digital capability. The MJR Group also brings significant additions to our venue portfolio. “
The MJR Group’s three partners, Richard Buck, Group CEO and Head of UK, Dan Ickowitz-Seidler, Head of UK Venues and Propaganda, and Scott Mesiti, Head of Australia & New Zealand, will remain with the TEG group.
TEG has six offices worlwide with corporate headquarters in Sydney, Australia. The group promotes live sports and entertainment, provides ticketing, technology and e-commerce services and is a major player in data science and analytics, digital marketing and customer research.
The MJR Group’s international touring operation, MJR Presents, is promoting the forthcoming 90s nostalgia tour Bring That Beat Back in Australia and New Zealand, featuring Flavor Flav, Bobby Brown and Blu Cantrell. MJR operates out of Sydney and Port Macquarie in Australia and London and Bristol in the UK and has, by its own admission, operated and promoted tours across Dubai, South Africa, Japan and China.