Kustom Entertainment to Acquire TFL for $238M Revenue Boost
The acquisition of TFL, a ticketing business with $238 million in 2025 revenue, is expected to be immediately accretive to Kustom's revenue, earnings, and adjusted EBITDA, expanding its live entertainment and ticketing operations
Kustom Entertainment has signed a definitive agreement to acquire 100% of TFL, LLC, a ticketing business that generated more than $238 million in revenue in 2025. The acquisition is subject to customary conditions, including specified financing conditions and regulatory consent, and is expected to be immediately accretive to Kustom's consolidated revenue, earnings, and adjusted EBITDA.
The consideration for the acquisition will consist of cash and Kustom common shares, with some of the equity consideration withheld until future EBITDA performance milestones are achieved. TFL's eCommerce technology already powers TicketSmarter.com, a Kustom company, providing an existing connection between the two businesses ahead of the proposed integration.
Kustom Entertainment is listed on the NASDAQ stock exchange under the ticker symbol KUST. The acquisition would combine Kustom's festival and ticketing operations with TFL's profitable inventory distribution network and proprietary technology, expanding Kustom beyond music festivals into professional and collegiate sports ticketing relationships.
## What it means The acquisition of TFL is a major expansion of Kustom Entertainment's live entertainment and ticketing operations. TFL, founded as Tickets For Less, has a high-margin inventory distribution model spanning live entertainment and professional and collegiate sports. The company has historically been profitable and cash-generative, making it an attractive addition to Kustom's portfolio.
## Why it matters The acquisition is expected to have a significant impact on Kustom Entertainment's financials, with the addition of TFL's $238 million in revenue expected to be immediately accretive to Kustom's revenue, earnings, and adjusted EBITDA. The deal also expands Kustom's reach into new markets, including professional and collegiate sports ticketing relationships. As a result, investors are likely to be watching Kustom's stock closely in the coming months.
The acquisition is subject to financing and regulatory conditions, but if completed, it would mark a significant milestone in Kustom Entertainment's growth strategy. With the addition of TFL's proprietary distribution infrastructure and eCommerce capabilities, Kustom is well-positioned to continue its expansion into the live entertainment and ticketing space.
