Billboard is reporting that global promoter AEG Live is in the final stages of acquiring New York independent promoter Bowery Presents.

Bowery owns, operates or has exclusives with a slew of venues in New York City including Bowery Ballroom, Rough Trade and Music Hall of Williamsburg along with presenting shows at larger venues like Madison Square Garden, Barclays Center, Brooklyn Bowl and the Capitol Theatre.

This marks the second instance where a national promoter has scoped up a New York independent as Live Nation recently acquired a majority stake in Founders Entertainment, producers of the Governors Ball Festival.

Billboard reports that the deal could be announced as early as next week. Representatives for both parties declined to comment.