British artist management company ATC has acquired a majority stake in Raw Power Management, bringing together two prominent British-born artist management companies.
Founded in 2006 by current CEO Craig Jennings, Raw Power Management represents the biggest music artists in rock and metal, including 2024 BRIT Award winners Bring Me The Horizon, Bullet For My Valentine, The Mars Volta, The Damned, You Me At Six, Don Broco, Heartworms, Kid Kapichi, The Chisel and Refused.
Part of the independently owned ATC Group, ATC Management represents over 60 artists, songwriters and producers including Nick Cave, The Smile, PJ Harvey, Yaeji, The Hives, Sleaford Mods, Johnny Marr, Black Country, New Road, Kelela, Isabel Waller-Bridge and Ques.
ATC has acquired 55% shares of raw electricity £1.41 million Cash (approx. $1.8 million) according to a regulatory filing released on Thursday (May 16).
In addition to artist management, the ATC Group also includes live booking agency ATC Live, merchandise company Sandbag, live streaming business Driift, ATC Services and ATC Experience.
The company is headquartered in London and has offices in Los Angeles and New York.
In 2021, ATC raised £4.15 million ($5.2 million) and listed on the Aquis Stock Exchange Growth Market under the ticker symbol ATC.
After ATC began trading in December 2021, its market capitalization was approximately £14.66 million ($19.3 million).
Following today’s announcement, ATC Group “seeks to strategically expand its offering to artists and industry partners” following its listing on the Aquis Growth Market.
ATC Group’s market capitalization currently stands at £18.81 million (approximately $23.82 million at current exchange rates), according to Aquis Stock Exchange Growth Market.
Under the new partnership, Raw Power’s UK team, including Craig and commercial director Don Jenkins, will relocate to ATC Management’s London headquarters.
The alliance will also be reflected in the United States with the merger of the two companies’ operations in Los Angeles.
Since 2008, acclaimed Raw Power band Bring Me The Horizon has been managed by Craig and Matt Ash, US President of Raw Power Management.
ATC noted that the group has performed on stages “around the world” and achieved “transatlantic chart success,” with their music having been streamed more than 1 billion times across all platforms to date.
“I’m excited to welcome Craig’s expertise and talent as well as the RAW Power team and their star artists to ATC.”
Adam Driscoll, ATC Group
Adam Driscoll, Group CEO of ATC, said: “I am delighted to welcome the expertise and talent of Craig and the Raw Power team, as well as their incredible artists, to ATC.
“Essentially, our two companies share a common goal – to support artists and help them achieve their creative and commercial goals. By joining forces and combining forces, the ability to achieve these goals is greatly enhanced.
“I’m excited to join Matt, Don and the RAW Power team, along with Adam, Brian, Craig and everyone at ATC as we embark on a new era for the company.”
Craig Jennings, Raw Power Management
Craig Jennings, CEO of Raw Power Management, added: “I’m excited to join forces with Matt, Don and the Raw Power team, along with Adam, Brian, Craig and everyone at ATC to start a new era for the company. It feels like we’ve set the stage for the ‘Raw Power Mark’ 2″ is well prepared and this partnership is fully consistent with our ambitions for the company and our actions.
“ATC and Raw Power both value integrity, belief in the performances we care about, passion for the music, and doing everything for the benefit of our artists. Over the years, I have watched ATC develop their artists around the world, And have always had great admiration for this team and the way they do things.
“This feels like a huge opportunity to take our artists to a whole new level. I feel like together we are going to be a strong organization. It’s a very exciting time.”
“Similar to Craig and the RAW Power team, ATC’s expertise is in long-term talent development on a global scale – whether that’s breaking new acts or enabling iconic artists to continue to push boundaries.”
BRIAN MESSAGE, ATC Group and Co-Manager, Nick CAVE, JOHNNY MARR, PJ Harvey, The Smile
ATC Group co-founders and co-managers Brian Message, Nick Cave, Johnny Marr, PJ Harvey, The Smile: “This is an important milestone for ATC management.
“Similar to Craig and the Raw Power team, ATC’s expertise is in long-term talent development on a global scale – whether that’s breaking new acts or enabling iconic artists to continue to push boundaries.
“We have great admiration for what each company has accomplished in the past and are very excited about what we will accomplish together in the future.”
“As two companies headquartered in London, with a foothold in Los Angeles and with a truly global outlook, we already have a strong crossover from a music and business perspective.”
Matt Ash “Raw Power”
Matt Ash, President of Raw Power Management USA: “The merger with ATC is very exciting for Raw Power.
“As two companies headquartered in London and based in Los Angeles with a truly global outlook, we already have a strong crossover from a musical and business perspective.
“By working together, we can now come up with a wide range of new ideas that will enhance the effort and ambition of all our actions.”global music business
