TEAM BUILDING ASIA (TBA) is expanding into the corporate sports and wellness markets following its recent acquisition of a Hong Kong-based events operator.
TBA, founded by Stuart Harris and David Simpson, has purchased Mark Sinclair’s Team Build Events, whose event management portfolio extends to corporate tournaments, brand activations, and sports and wellness.
Sinclair would continue as sales and special projects director, with the two brands running separately, Harris told MIX. TBA would focus on team building, HR-linked training and conferences, while Team Build Events would specialise in larger-scale events.
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The deal, agreed on October 31, has been described by TBA as a “dynamic move… bringing more value to [its] customers across Hong Kong, Macau and mainland China” with events “tailored to meet the diverse needs of businesses in the region”.
“This strategic move will enhance our event management capabilities, foster innovation and strengthen our market position in Hong Kong,” said TBA co-founder Harris.
“The acquisition of Team Build Events, offers several key benefits: enhanced capabilities through combined expertise, growth opportunities with Mark Sinclair staying on full-time, and a shared commitment to team building and sports.”
I am eager to introduce fresh, innovative ideas and experiences to the company while enhancing our brand’s visibility in the community”
– Mark Sinclair, Team Build Events
TBA co-founder Simpson said: “Mark and his company bring a wealth of knowledge and experience in this area, which will greatly benefit our growth and development. The activations are of particular interest to me, as they provide a sensational way for our clients, over the past 22 years, to engage with the community in a completely different and original manner.”
Mark Sinclair, owner and managing director of Team Build Events, said: “With the backing of Team Building Asia, we can continue to expand and offer more opportunities for individuals to engage with our programs and events.
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“I am eager to introduce fresh, innovative ideas and experiences to the company while enhancing our brand’s visibility in the community,” Sinclair said.
In a statement issued by TBA this week announcing the acquisition, the co-founders said clients can expect a smooth transition and a wider range of solutions.
“Our shared dedication to creativity and professionalism ensures that the quality and personalised service customers value will continue, while opening new opportunities for growth and enhanced capabilities.”
Main picture… from left: Stuart Harris, Mark Sinclair and David Simpson after pocketing a deal set to increase their share of the team-building and sports event management markets
