Festival producer Danny Wimmer Presents (DWP) has extended its ticketing deal with Front Gate Tickets after receiving financial backing from investment firm The Yucaipa Companies.
DWP, one of the largest independent music festival producers in North America, has curated festivals such as Epicenter, Hometown Rising, and Monster Energy Rock Allegiance, among others.
In 2019, the producer attracted nearly 750,000 attendees to its festivals with several of them completely selling out.
The investment from The Yucaipa Companies has been secured to help “aggressively grow the business surrounded by forward-thinking partners.”
Danny Hayes, chief executive of Danny Wimmer Presents, said, according to Forbes: “We had several different options for investors, but ultimately selected Yucaipa because they really understood our growth strategy, and they are uniquely situated to help us execute on it.
“Yucaipa already has several successful investments in the music industry, as well as key relationships in cities where we already operate and others we’d like to enter. We believe they will be able to accelerate our plans to expand into new markets.”