ESE Entertainment recently announced it has completed the acquisition of gaming and esports infrastructure company WPG. On April 12th, ESE took control of 51% of the business of World Phoning Group Inc., Encore Telecom Inc., and their two European operating subsidiaries (WPG Racing Solutions and Foresight Resolutions).
As part of the deal, all of the WPG assets were rolled into a newly incorporated Canadian company, World Performance Group Ltd. The Corporation will continue to carry on with business now that the transaction is closed.
“Since December 2020, our team has embraced becoming part of the ESE Family, and we’re now pleased to say it’s official. 2021 is off to a tremendous start for WPG,” said WPG CEO Wayne Silver. “Since January 2021, we have hired over 45 new agents and a senior Operations Manager. This will be key to helping scale our sales efforts. In addition, we have our sights set to expand our geographic offering into the Middle East. With the added support from ESE’s team, we aim to continue to grow both organically and through acquisitions.”
At this time, Silver has agreed to continue serving as WPG’s CEO to ensure a smooth integration of the organization’s infrastructure into existing ESE operations. Silver has also been appointed to ESE’s advisory board.
(All information was provided by Yahoo! Finance)