9 ▁W TC ▁has ▁acquired ▁several ▁other ▁event ▁management ▁companies ▁and ▁races . ▁ ▁In ▁February ▁ 2 0 1 2 ▁W TC ▁purchased ▁US M ▁Events , ▁own ers ▁of ▁Australian ▁tri ath l ons ▁in ▁Ge el ong , ▁M ool ool aba , ▁and ▁No osa , ▁as ▁well ▁as ▁the ▁Sydney ▁World ▁Tri ath lon ▁Series ▁( W TS ) ▁race . ▁US M ▁Events ▁also ▁owned ▁and ▁produced ▁a ▁full ▁Iron man ▁distance ▁race ▁in ▁C air ns , ▁Australia ▁called ▁Challenge ▁C air ns . ▁Challenge , ▁a ▁rival ▁to ▁the ▁Iron man ▁brand , ▁did ▁not ▁wish ▁to ▁have ▁W TC ▁running ▁one ▁the ▁Challenge ▁family ▁of ▁races . ▁As ▁a ▁result , ▁Challenge ▁terminated ▁its ▁contract ▁with ▁US M ▁and ▁Challenge ▁C air ns ▁subsequently ▁became ▁Iron man ▁C air ns . ▁The ▁purchase ▁of ▁US M ▁Events ▁exp ands ▁W TC ' s ▁Asia - P ac ific ▁tri ath lon ▁market . ▁The ▁purchase ▁would ▁have ▁placed ▁W TC ▁into ▁International ▁Tri ath lon ▁Union ▁racing ▁with ▁the ▁Sydney ▁W TS ▁race , ▁but ▁government ▁officials ▁in ▁New ▁South ▁Wales ▁took ▁the ▁option ▁of ▁not ▁extending ▁an ▁agreement ▁to ▁continue ▁st aging ▁the ▁Sydney ▁event ▁due ▁to ▁the ▁on going ▁log ist ical ▁and ▁financial ▁invest ment ▁required . ▁ ▁In ▁June ▁ 2 0 1 3 , ▁W TC ▁purchased ▁Y W C ▁Sports , ▁a ▁private ▁company ▁that ▁organ izes ▁tri ath l ons ▁and ▁end urance ▁sport ▁events ▁in ▁Den