Elevate acquired Intersect Partners in a 100% stake transaction, consolidating two mid-market players in sports consulting and venue operations. the undisclosed valuation reflects consolidation activity in fragmented venue management—a $12B+ TAM where operators chase operational efficiency and tech integration gains. The deal matters because venue tech and consulting are now critical margin drivers for arena operators facing labor costs, fan experience demands, and post-pandemic utilization pressure. Expect follow-on consolidation as PE targets bolt-on M&A in this space.