Hollywood Payroll Service Cast & Crew Buys Live Theater Firm

Cast & Crew

Checks & Balances, which handles payroll functions for live theater productions, was sold to the Burbank-based company.

Cast & Crew, a leader in payroll services for TV and film, said Tuesday it paid an undisclosed amount of money to acquire Checks & Balances, which handles payroll functions for live theater productions.

Checks & Balances, based in New York, boasts clients like Hamilton, Harry Potter and the Cursed Child, Mean Girls, Wicked and King Kong.

Cast & Crew, headquartered in Burbank, said "there will be no change in day-to-day client interactions" at Checks & Balances, which will continue to be run by founder Sarah Galbraith.

Cast & Crew CEO Eric Belcher said Checks & Balances "has an outstanding reputation for supporting the live theater industry via high-quality solutions and deep-domain expertise."

Two years ago, Cast & Crew acquired CAPS Payroll, a competitor at the time, and a few months before that it acquired Final Draft, a maker of screenwriting software.

Cast & Crew was itself acquired in 2015 by Silver Lake, an investment firm with stakes in Alibaba Group, Endeavor, GoDaddy, Tesla, UFC and more.