California-based Concord Music Group on Wednesday said it has acquired local label Sugar Hill Records from Welk Music Group (along with Vanguard Records in L.A.) and will combine that Franklin-based venture with its Rounder Music Group operation, which is based in The Gulch. Music Row has the details -- including what's happening with Sugar Hill General Manager Cliff O'Sullivan -- as well as some perspective.

The acquisition of Vanguard and Sugar Hill closely follows the recent merger of Concord Music Group and The Bicycle Music Company, a leading independent music publisher, record label and rights manager, into Concord Bicycle Music. In connection with the merger, Concord Bicycle Music raised $100 million in added capital to fund additional growth through music rights acquisitions and artist development investments.