Providence Private Equity has secured additional investment into The Team, finalising the takeover from Wasserman.
The rebrand and takeover of the Wasserman agency has been swift since the announcement of Wasserman’s sale in February 2026. With Providence Equity starting the takeover process in July for an undisclosed sum.
The agency’s projected revenue for 2026 is approximately $1.2 Billion up from $990 Million in 2025. The firms sports division makes up for 29% of that revenue, with the company previously engaged in the LA28 games.
Providence, which first invested in The Team in 2022, continues as the Company’s majority investor and intends to support its long-term growth, including organic growth and strategic M&A across sports, music and entertainment.
Michael Watts will become CEO, serving as President since 2014.
