Kustom Entertainment acquires TFL to boost live event capabilities
Kustom Entertainment, Inc. has entered into a significant acquisition deal, aiming to integrate the ticketing and distribution capabilities of TFL, LLC, a leading live event technology platform, into its music festival production business. This strategic move is expected to bolster Kustom’s revenue and earnings immediately.
Kustom Entertainment, Inc., an emerging leader in live music festival production and proprietary ticketing technology, announced on September 1, 2026, that it has reached a definitive agreement to acquire 100% of the equity interests of TFL, LLC, doing business as Tickets For Less. The transaction, expected to be immediately accretive to Kustom’s revenue, earnings, and adjusted EBITDA, will combine Kustom’s festival production platform with TFL’s robust ticketing and distribution network, proprietary eCommerce, and TFLConnect technology platforms.
Stanton E. Ross, CEO of Kustom Entertainment, Inc., expressed, “The acquisition of TFL will be a transformational milestone for us as we build a fully integrated, end-to-end live entertainment ecosystem. TFL’s exceptional track record of profitable growth, robust cash flows, and market-leading technology will drive significant long-term shareholder value.”
Dan Rouen, Founder and CEO of TFL, LLC, echoed, “Joining forces with Kustom will provide us with the capital, public market platform, and strategic alignment to accelerate our expansion. We look forward to deploying our distribution infrastructure across Kustom’s growing footprint to deliver unmatched value to venues, teams, and fans.”
Financial and strategic highlights of the acquisition include: - Immediate Financial Accretion: The transaction is expected to immediately enhance Kustom’s consolidated revenue, earnings, and adjusted EBITDA. TFL has generated over $238 million in revenue for full-year 2025. - Expanded Footprint & Partnerships: TFL will expand Kustom’s reach into major collegiate and professional sports ecosystems, leveraging partnerships with iconic brands across the NFL, MLB, NCAA, and more. - Proprietary Technology Integration: TFL’s eCommerce platform, currently powering TicketSmarter.com, will integrate across Kustom’s festival assets, unlocking broader distribution, dynamic pricing synergies, and direct cross-selling opportunities. - Leadership Continuity: TFL’s executive leadership team will enter into long-term employment agreements with Kustom upon closing.
Under the terms of the Unit Purchase Agreement, Kustom will acquire 100% of TFL’s issued and outstanding equity units for consideration consisting of cash, shares of Kustom common stock, with some share consideration being held back and released upon the achievement of future EBITDA performance milestones.
Roth Capital Partners, LLC, is acting as the exclusive financial advisor to Kustom in connection with the transaction and has rendered a fairness opinion to Kustom’s Board of Directors. The transaction is subject to customary closing conditions, including working capital adjustments, escrow provisions, regulatory consent, and specified financing conditions.
Founded in 2004 as Tickets For Less, TFL, LLC is a premier live event ticketing technology and inventory distribution platform headquartered in Overland Park, Kansas. TFL manages millions in live event ticket inventory on behalf of its team and venue partners using its proprietary distribution engine and aggregates billions in inventory with its proprietary multi-feed. TFL is recognized for its transparent pricing model, strong asset base, and sustained operational profitability across regional and national markets.
Kustom Entertainment, Inc. (Nasdaq: KUST) specializes in large-scale live music festival production, event management, and ticketing technology solutions designed to maximize high-margin monetization across the entire live event lifecycle.
The company has issued a cautionary statement regarding forward-looking statements, noting that such statements are based on current expectations and assumptions, and are subject to risks and uncertainties. The closing of the transaction is subject to the satisfaction of certain conditions, including regulatory approval and the achievement of specified EBITDA performance milestones.