As announced in August, Dalian Wanda Group Co., Ltd. (“Wanda Group”), one of the leading Chinese private conglomerates, reached an agreement to acquire IRONMAN from Providence Equity Partners. Today, that transaction is complete and IRONMAN is now fully owned by the Wanda Group.
“The acquisition of IRONMAN by Wanda Group is a momentous step for the future of our brand,” said Andrew Messick, Chief Executive Officer for IRONMAN. “As a globally minded company with a mutual desire for excellence and expansion, especially in Asia, Wanda is the ideal partner. I’m privileged to remain at the helm of this extraordinary organization as we embark on this new chapter in our history. Thank you to Providence Equity Partners for seven outstanding years of ownership.”
The 2015 acquisition of IRONMAN and Infront Sports & Media properties has made Wanda Group one of the world’s largest and most comprehensive sports companies. With these new businesses, Wanda Group now has sports sales, media & marketing, and operational capabilities on six continents with strong positions in North America, Europe, China, South Africa, Australia and New Zealand.