eTix Announces Growth Investment from Parthenon Capital Partners
Thursday, July 20, 2017
by Dave Brooks | Amplify
Ticketing company Etix has purchased ExtremeTix, Amplify has learned.
UPDATE: Etix CEO Travis Janovich has confirmed to Amplify that Etix has purchased ExtremeTix and is planning to announce the acquisition later this week. We will update readers as more information comes available.
The sale comes after Ticketfly was purchased by Eventbrite for $200 million last month, uniting two of the largest middle market ticketing companies and allowing Pandora to unload Ticketfly to pursue an investment from SiriusXM. The Etix purchase of ExtremeTix is a partial reaction to the mega-deal — Etix is owned by Travis Janovich, who oversaw a management-led buyout of the company in 2015, partnering with OFS Capital Corporation to take the company private and push out CEO Joe Kustelski. Etix is based in Raleigh, North Carolina.
“As of December 1, 2015, Etix has seen an overall yearly growth of more than 20 percent,” said Janovich in a statement after the buyout. “In the upcoming years we intend to continue growing and are confident that the investment will facilitate this growth and the company’s continued ability to provide exceptional customer service.”
ExtremeTix, which is based in Houston, was founded in 2000 and is run by Tony DiCamillo, who was named President in 2016.
“We’re all over North America,” he told Amplify in a 2016 interview. “We have business in Canada. We’re West Coast to East Coast. Our headquarters are in Houston and we initiate most of our traveling here out of Texas. We’re centralized, I think that makes it more cost effective for us. We also have an office in Florida.”
ExtremeTix clients include Texas venues Hurricane Harry’s in College Station, Banita Creek Hall in Nacogdoches and Masone’s, as well as NHRA Spring Nationals, TX2K Events, Dirt Track Racing, and the Royal Purple Raceway.