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As announced in August, Dalian Wanda Group Co., Ltd. (“Wanda Group”), a Chinese private conglomerate, reached an agreement to acquire Ironman from Providence Equity Partners. Ironman announced today that the transaction is complete and the company is now fully owned by the Wanda Group.
“The acquisition of Ironman by Wanda Group is a momentous step for the future of our brand,” said Andrew Messick, Chief Executive Officer for Ironman in the press release about the sale. “As a globally minded company with a mutual desire for excellence and expansion, especially in Asia, Wanda is the ideal partner. I’m privileged to remain at the helm of this extraordinary organization as we embark on this new chapter in our history. Thank you to Providence Equity Partners for seven outstanding years of ownership.”