NEW YORK & SALEM, N.H. & ORLANDO, Fla.--(BUSINESS WIRE)--CTM Group Inc. (“CTM”), a leading global provider of managed entertainment and souvenir solutions for tourist destinations and other high-traffic venues, and ScooterBug Best Lockers, a leading provider of mobility and locker solutions across leisure and entertainment sites and major tourist destinations, today announced the completion of their previously announced transaction. The combined company will operate as VENU+, the leading global provider of guest mobility, storage, and entertainment solutions for high-traffic retail, leisure, and amusement venues.
The VENU+ brand reflects the combined company’s market-leading position and suite of services supporting operators and contributing to unparalleled guest experiences. The company is backed by affiliates of Z Capital Partners, LLC, the private equity fund management arm of Z Capital Group, LLC (“ZCG”), which originally acquired CTM Group in 2018.
VENU+ is led by President and Chief Executive Officer Andrew Kindfuller and a seasoned team of industry experts. The combined company has operations in all 50 states and across 13 countries on four continents.
"This combination will deliver more value for new and existing customers in the entertainment industry, while capitalizing on a variety of exciting opportunities and providing significant benefits and services for a wide range of guests,” said James Zenni, Founder, President, and Chief Executive Officer of ZCG. “The VENU+ brand uniquely captures the value the company provides, and I look forward to working closely with Andrew and the entire team to execute on a shared vision for global growth.”
“We are pleased to complete this transformative transaction and introduce VENU+ to the market, reinforcing our commitment to providing exceptional guest experiences and a broader range of solutions for operators,” said Mr. Kindfuller. “Our expanded suite of outsourced services creates a one-stop shop for partner venues, adding efficiency, revenue, convenience, and engagement. For guests in the U.S. and around the world, we pride ourselves on helping to create treasured memories along their entire journey.”
For more information about the combined company and VENU+ brand, please visit: www.VENUplus.com.
VENU+ is a leading global provider of managed guest solutions for high-traffic retail, leisure, and entertainment venues globally. VENU+ offers a wide range of services, including entertainment and souvenir solutions, as well as leading mobility and locker solutions. The company employs more than 650 professionals and operates in all 50 states and across 13 countries and four continents. For additional information, please visit www.VENUplus.com.
ZCG is a leading, privately held merchant bank comprised of private markets asset management, business consulting services, technology development and solutions.
For almost 30 years, ZCG Principals have invested approximately $30 billion and have industry leading track records in private equity and credit.
ZCG has approximately $6.5B of AUM in asset management and its investors are some of the largest and most sophisticated global institutional investors including pension funds, endowments, foundations, sovereign wealth funds, central banks, and insurance companies.
ZCG has a global team comprised of over 375 professionals. For more information, please visit www.zcg.com.