360 Destination Group and CSI DMC Merge with H.I.G. Support
H.I.G. Capital Strengthens Market Position with Key Investment
H.I.G. Capital, a prominent global alternative investment firm managing $67 billion, has successfully completed a strategic investment in 360 Destination Group (360DG) and CSI DMC. This vital partnership aims to merge two industry-leading destination management companies known for their exceptional event services.
Enhancing Event Management Services
Both 360DG and CSI specialize in providing comprehensive event services for corporate clients, tackling everything from corporate events and incentive trips to large-scale conferences. Their approach combines meticulous planning with extensive local knowledge, ensuring clients receive unforgettable experiences. The merger of these two companies positions them to expand their service offerings across 46 key destinations worldwide.
Leadership Perspectives on the Investment
Trevor Hanks, Managing Partner of 360DG, emphasized the importance of this investment, stating, "This marks a pivotal moment for us, enabling us to extend our reach and enhance the client experiences we offer. With H.I.G.'s support, we can innovate our services for both current and prospective markets." Shelly Archer, another Managing Partner at 360DG, echoed these sentiments, noting that the transaction would allow them to serve customers with improved capabilities on a global basis while retaining their local expertise.
Hope Valentine, President of CSI, expressed enthusiasm about the merger, highlighting the potential for increased creativity in their events. With combined strengths, they aim to ensure extraordinary experiences for clients across an expanded geographical footprint. Tom Hubler, the Chief Operating Officer of CSI, remarked on the enhanced service that will be available through their cooperation, focusing on delivering white-glove service and exceptional event execution.
A Vision for Growth in the Event Services Sector
Andrey Vakhovskiy, Managing Director at H.I.G., shared insights on the merger's implications for the industry. He believes that combining the strengths of CSI and 360DG will create a leading platform in destination management. Both companies have built solid reputations for excellence, and with H.I.G.'s backing, they aim to set a new standard in the industry.
Overview of 360 Destination Group
Established in 1978, 360DG has prioritized delivering unforgettable experiences for enterprise clients. The company provides a one-stop solution for all event needs, including décor design, food and beverage management, entertainment, and comprehensive event logistics. Their commitment to innovation and excellence has made them a trusted partner for corporations aiming to host remarkable events.
Highlighting CSI DMC’s Expertise
Since its inception in 1987, CSI DMC has distinguished itself by crafting memorable destination experiences characterized by creativity and a deep understanding of local landscapes. The talented team at CSI, comprising designers and event management professionals, works diligently to ensure client success through innovative solutions. Their extensive local networks further amplify their ability to deliver outstanding events.
About H.I.G. Capital
Founded in 1993, H.I.G. Capital is a leading alternative investment firm that has invested in and managed over 400 companies globally, with a portfolio of more than 100 companies generating over $53 billion in combined sales. Through a flexible, operationally focused strategy, H.I.G. invests in a wide range of sectors, providing both equity and debt capital to middle-market firms. This strategic approach has enabled H.I.G. to maintain robust growth and competitiveness in the investment arena.
Contact Information
For further inquiries, please contact:
Andrey Vakhovskiy,
Managing Director,
Email: [Contact Not Provided].
Rachel Overboe,
Principal,
Email: [Contact Not Provided].
H.I.G. Capital,
800 Boylston Street,
Suite 910,
Boston, MA 02199,
Phone: 617.262.8455,
Website: hig.com.
Frequently Asked Questions
What is the significance of H.I.G. Capital's investment?
The investment allows for the merger of 360DG and CSI, amplifying their service capabilities.
How will this merger benefit clients?
Clients will experience enhanced event services with access to more destinations and tailored event solutions.
What types of events do 360DG and CSI manage?
They handle corporate events, incentive trips, and large conferences, focusing on delivering exceptional experiences.
When did 360DG and CSI start their operations?
360DG was founded in 1978, while CSI DMC began operations in 1987.
What is the vision of H.I.G. Capital for this merger?
The vision is to create a leading event services platform that sets a new industry standard.
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