Axel Johnson Group

Fifth Third Bank Signs Naming Rights Deal for Future Home of Spartanburg’s Professional Baseball Club

Retrieved on: 
Wednesday, November 1, 2023

Fifth Third Bank has agreed to a multi-year agreement with Diamond Baseball Holdings, an organization that owns and operates select Minor League clubs affiliated with Major League Baseball, to become the official bank and naming rights sponsor for Spartanburg’s new state-of-the-art ballpark, the future home of the city’s professional baseball team.

Key Points: 
  • Fifth Third Bank has agreed to a multi-year agreement with Diamond Baseball Holdings, an organization that owns and operates select Minor League clubs affiliated with Major League Baseball, to become the official bank and naming rights sponsor for Spartanburg’s new state-of-the-art ballpark, the future home of the city’s professional baseball team.
  • "We are incredibly proud to partner with Fifth Third Bank to bring this remarkable ballpark to life," said Andrew Judelson, chief commercial officer of Diamond Baseball Holdings.
  • “In partnership with Fifth Third Bank and the Johnson Group, we are going to build one of the most beautiful facilities in minor league baseball,” said Tyson Jeffers, general manager for the Spartanburg Professional Baseball Club.
  • But most importantly, Fifth Third Park will be a community destination for fun any night of the week.”
    The Spartanburg Professional Baseball Club will be a minor league affiliate of the Texas Rangers.

Top industry leaders from Unilever, Axel Johnson Group and ICA join the board of the foodtech investment company Nicoya to spur global growth

Retrieved on: 
Wednesday, June 7, 2023

Now, Kees Kruythoff, former member of Unilever global executive team, President North America and President Global Home Care division, is elected new Executive Chairman of Nicoya.

Key Points: 
  • Now, Kees Kruythoff, former member of Unilever global executive team, President North America and President Global Home Care division, is elected new Executive Chairman of Nicoya.
  • The board is also joined by Helena Hernander, Head of Private Equity Investments at AltoCumulus, part of Axel Johnson Group, and Anders Svensson, former CEO ICA Sweden, the largest retail chain in the Nordics.
  • "We are thrilled to welcome our new board," says Christopher Slim, co-founder and CEO of Nicoya.
  • Anders Svensson brings deep industry and management experience from successfully leading ICA Sweden and Arla Foods and current positions as e.g.

Top industry leaders from Unilever, Axel Johnson Group and ICA join the board of the foodtech investment company Nicoya to spur global growth

Retrieved on: 
Wednesday, June 7, 2023

Now, Kees Kruythoff, former member of Unilever global executive team, President North America and President Global Home Care division, is elected new Executive Chairman of Nicoya.

Key Points: 
  • Now, Kees Kruythoff, former member of Unilever global executive team, President North America and President Global Home Care division, is elected new Executive Chairman of Nicoya.
  • The board is also joined by Helena Hernander, Head of Private Equity Investments at AltoCumulus, part of Axel Johnson Group, and Anders Svensson, former CEO ICA Sweden, the largest retail chain in the Nordics.
  • "We are thrilled to welcome our new board," says Christopher Slim, co-founder and CEO of Nicoya.
  • Anders Svensson brings deep industry and management experience from successfully leading ICA Sweden and Arla Foods and current positions as e.g.

AC Hotels by Marriott® Unveils New Hotel in Downtown Bethesda Near the Nation’s Capital

Retrieved on: 
Wednesday, August 17, 2022

Bethesda, Maryland, Aug. 17, 2022 (GLOBE NEWSWIRE) -- AC Hotels by Marriott, part of Marriott Bonvoys portfolio of 30 extraordinary brands, has opened the doors to its newest hotel in the heart of downtown Bethesda, Maryland, bringing the brands signature perfectly precise hotel experience to a thriving urban center near the nations capital.

Key Points: 
  • Bethesda, Maryland, Aug. 17, 2022 (GLOBE NEWSWIRE) -- AC Hotels by Marriott, part of Marriott Bonvoys portfolio of 30 extraordinary brands, has opened the doors to its newest hotel in the heart of downtown Bethesda, Maryland, bringing the brands signature perfectly precise hotel experience to a thriving urban center near the nations capital.
  • The 18-story AC Hotel Bethesda Downtown comprises 220 sleek, modern guest rooms and more than 11,000 square feet of activated shared space complete with a signature restaurant.
  • AC Hotel Bethesda Downtown has crafted a food-and-beverage program on par with the citys finer eateries.
  • AC Hotel Bethesda Downtown is located at the bustling intersection of Montgomery and Wisconsin, just a few blocks from Marriott Internationals new global headquarters and only seven miles from downtown D.C.

The Johnson Group is Revolutionizing the Recruiting Industry

Retrieved on: 
Wednesday, July 20, 2022

SACREMENTO, Calif., July 20, 2022 /PRNewswire/ -- The Johnson Group is revolutionizing the way recruitment is done with a growth rate of 3100%.

Key Points: 
  • SACREMENTO, Calif., July 20, 2022 /PRNewswire/ -- The Johnson Group is revolutionizing the way recruitment is done with a growth rate of 3100%.
  • The Johnson Group has a proven track record of success in recruiting for these industries, as well as many others.
  • The Johnson Group brings a fresh take on recruiting, and feels like I have an entire team working with me."
  • The Johnson Group has spent over 15 years recruiting for a wide variety of industries, including architecture, engineering, construction, environmental companies and more.

Optym Expands Axele’s TMS Marketing and Sales Teams to Further Growth

Retrieved on: 
Wednesday, June 8, 2022

DALLAS, June 08, 2022 (GLOBE NEWSWIRE) -- Optym, the parent company of Axele, LLC, a Transportation Management System (TMS) company, adds experienced executives to the Axele sales and marketing teams to position the company for further growth and expansion.

Key Points: 
  • DALLAS, June 08, 2022 (GLOBE NEWSWIRE) -- Optym, the parent company of Axele, LLC, a Transportation Management System (TMS) company, adds experienced executives to the Axele sales and marketing teams to position the company for further growth and expansion.
  • The teams will be responsible for serving core customers, acquiring new clients, building the Axele brand, and growing the Axele TMS footprint in North America.
  • He will also prepare and present the engineered value proposition for Managed Transportation Services through a solution sales approach to transportation challenges.
  • Jay Stone joins as Senior Director of Sales, where he will be helping to build and direct a team of sales professionals to drive the growth for Axele TMS.

Michael Rosen Joins OTO Development as VP/Food & Beverage

Retrieved on: 
Monday, June 6, 2022

SPARTANBURG, S.C., June 6, 2022 /PRNewswire-PRWeb/ -- Michael Rosen has joined OTO Development as Vice President of Food & Beverage, bringing a smorgasbord of restaurant and hospitality experience to this newly created position.

Key Points: 
  • SPARTANBURG, S.C., June 6, 2022 /PRNewswire-PRWeb/ -- Michael Rosen has joined OTO Development as Vice President of Food & Beverage, bringing a smorgasbord of restaurant and hospitality experience to this newly created position.
  • South Carolina-based OTO, which is part of The Johnson Group, develops, owns and operates approximately 65 hotels across the country.
  • "Michael's all-inclusive expertise is exactly what we need to elevate the food and beverage experience across our hotel portfolio," says Lisa Giaimo, Vice President of Sales & Marketing at OTO Development.
  • As Vice President of Food & Beverage, Rosen is based out of OTO Development's corporate headquarters in downtown Spartanburg, South Carolina.

Hartree Partners Completes Purchase of Controlling Interest in Sprague Resources

Retrieved on: 
Friday, May 28, 2021

PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (SRLP) (Sprague) and Hartree Partners, LP (Hartree) announced today that affiliates of Hartree have closed the purchase of the general partner interest, the incentive distribution rights and all of the common units representing limited partner interests (Common Units) that a subsidiary of Axel Johnson Inc. (Axel Johnson) had held in Sprague.

Key Points: 
  • PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (SRLP) (Sprague) and Hartree Partners, LP (Hartree) announced today that affiliates of Hartree have closed the purchase of the general partner interest, the incentive distribution rights and all of the common units representing limited partner interests (Common Units) that a subsidiary of Axel Johnson Inc. (Axel Johnson) had held in Sprague.
  • The aggregate purchase price paid by Hartree to Axel Johnson was $290.0 million, consisting of (i) approximately $265.0 million attributable to the purchase of 16,058,484 Common Units, and (ii) approximately $25.0 million attributable to the general partner interest and incentive distribution rights.
  • Sprague Resources LPis a master limited partnership engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • Hartree is jointly owned by its senior management and certain funds managed by Oaktree Capital Management, L.P.
    Intrepid Partners, LLC acted as exclusive financial advisor to Axel Johnson.

Axel Johnson Inc. Agrees to Sell Controlling Interest in Sprague Resources LP to Hartree Partners, LP

Retrieved on: 
Tuesday, April 20, 2021

Since Axel Johnson acquired the company nearly 50 years ago, Sprague has thrived through varied market conditions and multiple energy transitions.

Key Points: 
  • Since Axel Johnson acquired the company nearly 50 years ago, Sprague has thrived through varied market conditions and multiple energy transitions.
  • In 2013, Sprague welcomed additional investors through an initial public offering as a master limited partnership, with Axel Johnson retaining both the general partner interest and a majority of the limited partner interests.
  • Hartree is jointly owned by its senior management and certain funds managed by Oaktree Capital Management, L.P.\nIntrepid Partners, LLC is acting as exclusive financial advisor to Axel Johnson.
  • Baker Botts LLP and Vinson & Elkins LLP are acting as legal advisors to Axel Johnson and Hartree, respectively.\n"