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Brian Cassidy joined Crestview in 2004. | We are Hornblower Group, a global leader in world-class experiences and transportation. Nolan's resignation took effect one year after the sale of BHC, Boston Harbor's dominant ferry company, to Hornblower Holdings, a Chicago company owned by the private equity firm Crestview . He has worked across a variety of sectors, including media and financial services. Hornblower Group moved the assets from the Niagara Cruises business into an unrestricted subsidiary, putting them beyond the reach of current creditor. This is Crestview Partners' 2nd transaction in California. CRESTVIEW, PARTNER. $10 Billion. Date Filing . Join to Connect . Hornblower Group ("Hornblower"), a portfolio company of Crestview Partners ("Crestview"), announced today it has closed on the acquisition of Journey Beyond. Hornblower Group ("Hornblower"), a portfolio company of Crestview Partners ("Crestview"), announced today it has closed on the acquisition of Journey Beyond. The acquisition, along with fees and expenses and some cash to the balance sheet, will be funded using a proposed $330 million senior secured term loan and a combination of new . Brian Cassidy,Director. Congratulations to our partners at Hornblower Group and our team, Brian Cassidy, Bradford Williams, . Mr. Cassidy is currently a board director of Camping World Holdings, Congruex Holdings, Framestore/Company 3, Hornblower Holdings, ICM Partners, Industrial Media, Viad Corp and WOW!. The firm is based in New York and manages funds with over $9 billion of . Rob Williams joined Hornblower Group as the CFO in July 2018, shortly after it was acquired by Crestview Partners. Chief Executive Officer. Jun 02, 2022. . Patrick LaValley joined Crestview in 2019 and currently serves as a principal. The brand heritage of our organization dates back nearly 100 years, with the . 8 December 2020. Hornblower is majority owned by Crestview Partners along with management and does not file public financial statements. Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. Kevin Rabbitt is an operating executive at Crestview and currently serves as CEO of Hornblower Holdings. Hornblower Holdings, ICM Partners, Industrial Media and WOW!. He is also a member of the Investment Committee and head of the media str. Hornblower Group is a global leader in world-class experiences. He currently serves as head of the Crestview Partners' media and communications investment strategy and a director of Crestview portfolio companies Camping World Holdings, Inc., Congruex LLC and Hornblower Holdings. 25+ Years. Partners' Average Experience. After investors received word of the financing on Tuesday, Hornblower Group's $675 million first-lien loan due 2025 was quoted around 71 cents on the dollar, down from the mid 80s earlier in the . Vice President, Strategic Projects at Hornblower Group New York, New York, United States 500+ connections. Crestview Partners took over Hornblower in a leveraged buyout in 2018. In addition to his role at Hornblower, Rabbitt serves as Operating Executive in the media portfolio for Crestview Partners. . Mr. Cassidy is a Partner at Crestview Partners, having joined the firm in 2004. Crestview Partners | 1,948 followers on LinkedIn. An agent for Guggenheim decreased to comment, as well as an agent for Crestview really did not quickly react to a message. Hornblower Group - the parent company of the American Queen Steamboat Co., Victory Cruise -Lines and a number of day-cruise companies - has been owned by New York-based private equity firm Crestview Partners since 2018 when it assumed control after a leveraged buyout. Global Credit Research - 28 Jul 2020. Hornblower Group is the largest private passenger ferry . Hornblower acquired BHC from members of the Nolan family in 2019, and installed . June 2008 to May 2012. SVP - Strategic Growth & Development. Cassidy will continue to . The . There are two companies that make up the corporate entity of Hornblower Group - American Queen™ Voyages and City Experiences. This is Crestview Partners' 1st transaction in the Leisure sector. On January 1, 2018, private equity firm Crestview Partners acquired leisure company Hornblower Group. Before joining Crestview, Patrick was a vice president at Morgan Stanley Capital Partners ("MSCP"), a North America focused middle market private equity fund, where he helped lead the investing effort in the industrials and consumer & retail sectors, including serving on the corporate boards of several MSCP . After investors received word of the financing on Tuesday, Hornblower Group's $675 million first-lien loan due 2025 was quoted around 71 cents on the dollar, down from the mid 80s earlier in the week, the people said. Hornblower is owned by management and private equity firm, Crestview Partners. Crestview Partners, the New York private equity firm that backs Hornblower, is "excited about our investment in Hornblower and confident in its future," a representative said via email. Miami/Fort Lauderdale Area . Congratulations to the entire Hornblower Group, City . NEW YORK, Dec 8, 2020 /PRNewswire/ -- Crestview Partners ("Crestview"), a leading value-oriented private equity firm focused on the middle market, announced today the . last news. They invested in Hornblower in 2018. . Brian is currently a member of the boards of directors of Camping World Holdings, Congruex Holdings, Framestore/Company 3, Hornblower Holdings, ICM Partners, Industrial Media, Viad and WOW!. Crestview Partners' Hornblower Cruises & Events, now under the name City Experiences, has acquired three port excursion providers so far in 2021, including shuttered ShoreTrips at the meager price of $1.8 million. Join to Connect . By. He was previously . Related Resources LOAD MORE SHOW LESS View More. Bio. VP Sales. About Crestview Partners Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. Introducing the brand-new City Experiences anchored by Hornblower. Hornblower's boats paused operations in March, and although its commuter lines along the East River are… Book a tour today. Dan Kilpatrick joined Crestview in 2009 and is a partner of the firm. Private equity firm Crestview Partners acquired a substantial ownership stake in Hornblower in a leveraged buyout, detailed in an analysis from the credit-ratings firm Moody's. At the time . Hornblower Group. FormDs.com . Prior to that, he was a Director of Athlete . Hornblower acquired BHC from members of the Nolan family in 2019, and installed . He is also a member of the Investment Committee and head of the media str. Crestview Partners took over Hornblower in a leveraged buyout in 2018. Last Name First Name Middle Name; Williams: Brian Cassidy joined Crestview in 2004 and is co-president and a partner. As a result of the acquisition, Journey Beyond will join Hornblower's portfolio of travel experience companies and have a presence in 111 countries and territories worldwide. Year Founded. Capital Commitments. Crestview has contributed equity to the company in recent years, including its . In addition to his role at Hornblower, Rabbitt serves as Operating Executive in the media portfolio for Crestview Partners. Hornblower Group in its senior secured credit facilities; TaylorMade in its asset-based credit facility; . Sean O'Neill. Hornblower Group, the parent company of American Queen Voyages, Victory Cruise Lines and a number of day-cruise companies, has been owned by New York-based private equity firm Crestview Partners . Today, Hornblower Group announced leading Australian based experiential travel group . Now, the company has moved assets from its Hornblower Niagara Cruises business into an unrestricted subsidiary, putting them out of reach of other lenders, said the people who asked not . Patricof also joined the board of Hornblower Holdings, according to his biography on Crestview's website — and picked up an investment stake in the company, EDC records show. They invested in Hornblower in 2018. Caspian is noted to be a company that specializes in investment in troubled companies. Sycamore Partners Management, a firm which has historically invested in consumer retail brands such as Nine West, The operator of the NYC Ferry system for commuters and tourists could find itself running out of time and money after Covid-19 disrupted its business during the warmest months of the year. The company has entered into an agreement whereby Crestview Partners will acquire a substantial ownership stake in Hornblower, with management retaining the balance. Rabbitt serves as a Board Director on behalf of Crestview for investments at Congruex Networks and Viad Corp. Additionally, Rabbitt serves on non-profit boards for Pittsburgh Children's Hospital Foundation and Jerome . Associate at Crestview Partners Philadelphia, PA. Alex Rose . Crestview has contributed equity to the company in recent years, including its acquisition of Entertainment Cruises in 2019, and in May when it provided $45 million in revolving credit, Moody's said. Crestview Partners | 1.893 Follower:innen auf LinkedIn Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. NEW YORK, Dec 8, 2020 /PRNewswire/ -- Crestview Partners ("Crestview"), a leading value-oriented private equity firm focused on the middle market, announced today the . --Harvard Zhang Share this article: This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, "Reorg"). Founded in 2004, Crestview is a value . Hornblower Group, the Crestview Partners-owned parent company, renamed BHC on Tuesday as Boston Harbor City Cruises. Hornblower Group is a global experiences and transportation leader in the . Hornblower's cash balances are sufficient to absorb negative cash flow over the normally slow winter months until operations resume in full in April 2022. Hornblower Holdings LP: Street Address 1 Street Address 2; C/O CRESTVIEW PARTNERS: 590 MADISON AVENUE, 42ND FLOOR: City State/Province/Country ZIP/PostalCode Phone Number of Issuer; NEW YORK: NEW YORK: 10022: 212-906-0700: 3. Before joining Patricof Co, Matt was a Senior Director in the Strategic Partnerships group at Roc Nation. Chris Witkowsky. Crestview Partners, Senior Advisor Hornblower Cruises, Board of Directors NEP Broadcasting, Board of Directors New Heights Youth, Chairman of the Board. Hornblower Cruises & Events: Chief Executive Officer & Board Member: 000 0000: 0000 00000000: Crestview Partners: Board Member: 000 0000: 00000 000000: Hornblower Cruises & Events: Founder & Executive Chairman: 000 0000 US-based Hornblower Group is taking over Australia-based Journey Beyond, with Hornblower, owned by New York-based private equity firm Crestview Partners. Global Seaborne Coal Trade Up Neary 6% in 2021; SMS Group investment pays off with "Record Breaking" 2021; Dec. 8, 2020, 07:00 AM. -. The firm is based in New York and manages funds with over $9 billion of aggregate capital commitments. Crestview Partners | 1,904 followers on LinkedIn. Crestview Partners Completes Majority Investment in OneMagnify, a Leading Provider of Data-Driven Marketing, Analytics, and Technology Solutions. Crestview has contributed equity to the company in recent years, including its acquisition of Entertainment Cruises in 2019, and in May when it provided $45 million in revolving credit, Moody's said. Hornblower runs the NYC Ferry system under an agreement with the EDC made in 2016 - operations that are profitable only because of city subsidies that average $10.73 . Dec. 8, 2020, 07:00 AM. Pittsburgh, Pennsylvania, United States. Apollo Global Management, Crestview Partners, Palladium Equity Partners and Berkshire Partners in a variety of leveraged acquisition transactions. A: Crestview Partners, which is a New York-based private equity firm that I worked with for a decade. He was previously involved with Charter Communications, Cumulus Media, Insight Communications, Interoute . Jun 2020 - Present1 year 10 months. Explore new cities, find dinner cruises, site-seeing tours, and more. Kevin Rabbitt, Current CEO of Hornblower Holdings & Former President & CEO, NEP Group. Prior to joining NEP, Kevin was the CEO of 3 Day Blinds, a manufacturer and . By Claire Boston and Katherine Doherty (Bloomberg) - Cash-strapped operator of the NYC Ferry system has put together $ 90 million in funding to help keep its tourist boats and commuter lines running in pledging some of its Niagara Falls assets to creditors. ategy. Hornblower Group | 4,473 followers on LinkedIn. The firm is based in New York and manages funds with over $9 billion of aggregate capital commitments. Crestview Partners promoted two long-time dealmakers, Brian Cassidy and Alex Rose, into the co-president roles, effective Jan. 1. The corporate entity of . Brian Cassidy joined Crestview in 2004 and is co-president and a partner. Rabbitt serves as a Board Director on behalf of Crestview for investments at Congruex Networks, Viad Corp and Framestore/Company 3. The private equity firm Crestview Partners, in turn, . The operator of the NYC Ferry system for commuters and tourists could find itself running out of time and money after Covid-19 disrupted its business during the warmest months of the year. A Crestview Partners upper middle market, portfolio company CFO Quick Weight Loss Centers 2017 - 2018 1 year. May 2012 to March 2013. The firm is based in New York and manages funds with over $9 billion of . The sale to Hornblower Holdings follows nearly a century of family ownership. Acquisition Highlights. . Hornblower Cruises and Events. Hornblower Group, the Crestview Partners-owned parent company, renamed BHC on Tuesday as Boston Harbor City Cruises. Moody's notes recent sponsor support in the form of a guarantee by its private equity owner -- Crestview Partners -- on a new $45 million revolver (fully drawn). Matt Siegel. Director since: 2020. NEP Group CEO Kevin Rabbitt will leave the company on June 30 after eight years at the helm when he sets sail, almost literally, to become CEO of Hornblower Group which operates cruises and other . "We are actively looking at acquisitions," said Waggoner, who with partner Terry MacRae and private equity investor, Crestview Partners, own Hornblower Holdings. Under Crestview Partners, the Hornblower Group oversees the global experience and transportation companies under the full portfolio. Crestview Partners already operates a range of tourism and cruise brands including American Queen Voyages, which combines US river cruise operator American Queen Steamboat Company and small ship specialist Victory Cruise Lines. . We Create Amazing Experience - and Opportunities! Hornblower, Crestview Partners, Caspian Capital, Shearman & Sterling and Stroock did not immediately respond to requests for comment. Prior to that, Mr. Rabbitt served as the CEO of NEP Group from January 2012 through June 2020. Newest; Filter; Local; Hornblower Holdings LP. After financiers obtained word of the funding on Tuesday, Hornblower Group's $675 million first-lien finance due 2025 was priced quote around 71 cents on the buck, below the mid 80s earlier in the week, individuals stated. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. Hornblower Holdings LP - Most recent fund raising on October 15, 2021 raised $146,875 in Equity. Hornblower Group could have been a pandemic casualty, but its main private equity backer Crestview Partners doubled down on supporting the New York-based travel experiences operator . . Prior to joining Hornblower he served in several CFO roles for private equity backed companies. After investors received word of the financing on Tuesday, Hornblower Group's $675 million first-lien loan due 2025 was quoted around 71 cents on the dollar, down from the mid 80s earlier in the . This is Crestview Partners' 27th transaction in the United States. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and .

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