For Immediate ReleaseApril 28, 2020
Transition Sports & Entertainment Announces Acquisition of SporTech Ventures
Strategic and creative agency adds global sports technology firm.
New York, NY – Transition Sports & Entertainment (TSE), a strategic and creative agency specializing in work with athletes and sport-focused companies, announced today its acquisition of SporTech Ventures, a global sports technology firm which empowers athletes through investment, incubation, and experiential opportunities.
With the acquisition, Transition has created a standalone vertical within the company headed by SporTech Founder Peter Stein. Stein will operate in conjunction with management and serve as Transition’s VC in Residence.
Said TSE CEO Shannon Judd, “Over the past seven months, we have collaborated with SporTech on a number of projects and events. Because of the seamlessness with which we were operating, combining on a singular front will only help us better effectively service clients and partners.”
“Peter has been an invaluable ad-hoc member of our team and a large reason for our company’s growth over the last year,” she added. “This move only made sense.”
Stein said, “SporTech Ventures’ rapid growth since its inception necessitated finding talented, forward-thinking, and specialized partners. Partnering with Transition has helped offset our sheer workload, while utilizing its Creators Studio’s capabilities has allowed me to offer partners a whole suite of services we were once unable to fulfill. I’m excited to combine forces, and can’t wait to tackle new things head on.”
Stein added, “We will be rolling out new endeavors almost immediately.”
For more information, visit sportechventures.transitionse.com.