Crestview

Viad Corp Secures Additional Capital of up to $180 Million and Amends Credit Facility for Enhanced Financial Flexibility

Retrieved on: 
Wednesday, August 5, 2020
Entertainment, Events, Concerts, Vacation, Lodging, Destinations, Travel, Crestview, Pro forma, Finance, Viad, Crestview Partners

I am happy to report that we have secured additional capital of up to $180 million from Crestview and longer-term financial covenant relief on our existing credit facility until the end of the third quarter of 2022.

Key Points: 
  • I am happy to report that we have secured additional capital of up to $180 million from Crestview and longer-term financial covenant relief on our existing credit facility until the end of the third quarter of 2022.
  • On an as-converted basis, Crestview owns approximately 23.7% of the pro forma common shares outstanding with its initial investment of $135 million.
  • Moster said, Crestview is a valuable strategic partner for us, possessing strong industry knowledge and operating experience on both sides of our business.
  • We remain committed to closely managing cash flows and our businesses to maximize value for all shareholders.

Crestview Recovery is Now In-Network with Moda Health

Retrieved on: 
Monday, May 11, 2020
Moda, Telehealth, Technology, Crestview, Health

Crestview Recovery is excited to announce that they are now in-network with Moda Health, an insurance provider offering a variety of affordable health plans to the Pacific Northwest.

Key Points: 
  • Crestview Recovery is excited to announce that they are now in-network with Moda Health, an insurance provider offering a variety of affordable health plans to the Pacific Northwest.
  • Through telehealth, extra safety precautions, and a new partnership with Moda Health, Crestview remains committed to serving its clients with excellence.
  • Partnering with Moda Health allows Crestview to offer addiction treatment programs to more people in the Pacific Northwest.
  • Crestview Recovery will work with Moda Health to get their clients the coverage they need to recover.

Crestview Strategy Expands to Washington, D.C.

Retrieved on: 
Monday, June 3, 2019
Crestview, Scotty

OTTAWA, June 3, 2019 /PRNewswire/ -Today, Crestview Strategy, a leading Canadian public affairs agency, announced the opening of its first international office in Washington, D.C.

Key Points: 
  • OTTAWA, June 3, 2019 /PRNewswire/ -Today, Crestview Strategy, a leading Canadian public affairs agency, announced the opening of its first international office in Washington, D.C.
  • The United States advisory practice will be led by Maryscott "Scotty" Greenwood, as she joins Crestview Strategy as a Partner and the Managing Director of United States.
  • The opportunity to join forces with Canada's leading public affairs agency is irresistible," said Crestview Strategy Partner Scotty Greenwood.
  • "Crestview Strategy continues to pursue our aggressive growth plan, and the opportunity to partner with Scotty to establish a senior presence and full service offering in Washington, D.C. is a critical step in this plan," said Crestview Strategy Partner Rob Moore.

Crestview Partners Sells JR Automation to Hitachi for $1.425 Billion

Retrieved on: 
Wednesday, April 24, 2019
Companies, Economy of Japan, Industries, Crestview Partners, Crestview, Hitachi, Automation

HOLLAND, Mich., April 23, 2019 /PRNewswire/ --Crestview Partners ("Crestview") and Hitachi, Ltd. ("Hitachi") today announced that they have entered into a definitive agreement for Hitachi to acquire JR Automation Technologies, LLC ("JR") for $1.425 billion.JR is a leading provider of intelligent automated manufacturing and distribution technology solutions headquartered in Holland, Michigan.

Key Points: 
  • HOLLAND, Mich., April 23, 2019 /PRNewswire/ --Crestview Partners ("Crestview") and Hitachi, Ltd. ("Hitachi") today announced that they have entered into a definitive agreement for Hitachi to acquire JR Automation Technologies, LLC ("JR") for $1.425 billion.JR is a leading provider of intelligent automated manufacturing and distribution technology solutions headquartered in Holland, Michigan.
  • Alex Rose, Partner and Co-Head of Industrials at Crestview, said, "The team at Crestview is incredibly proud of the dramatic growth and transformation of JR resulting from our successful partnership with the JR team.
  • Mike DuBose, outgoing Chairman of JR Automation, said, "It has been a privilege to work with the very talented teams from JR and Crestview.
  • With the global resources of Hitachi continuing to support the JR Automation team, JR will be able to continue on its phenomenal growth trajectory."