The Kentucky chapter of the Association for Corporate Growth selected Louisville-based 21c Museum Hotels’ acquisition by Paris, France-based AccorHotels as its 2018 Deal of the Year. Mozaic serves as the chapter’s administrator.
21c President and CEO Craig Greenberg, a key figure in the $51 million transaction, spoke about his experiences at the awards ceremony, held at KFC Yum! Center.
With AccorHotels’ acquisition of 85% of 21c Museum Hotels, the art and design themed hospitality chain joined publicly traded AccorHotels’ MGallery collection of international boutique hotels under its global hospitality platform. AccorHotels (OTC: ACCYY) is a leading travel and lifestyle group with a portfolio of more than 4,500 hotels, resorts and residences across 100 different countries.
ACG Kentucky’s annual Deal of the Year awards recognize a company, private equity firm, or similar investment group for its accomplishments regarding a merger, acquisition or capital markets transaction in Kentucky or Southern Indiana. The award underscores ACG’s focus on corporate growth through fostering regional support ecosystems consisting of M&A, finance, accounting, risk management and legal professionals.
A transaction panel selected 21c from more than 40 regional deals announced during 2018,” said Bill Strench, chairman of the Deal of the Year Awards and Frost Brown Todd attorney.
Greenberg, a founding partner of 21c who was appointed CEO in 2017, oversees the strategic direction of the company and its daily operations. During his tenure, the company expanded from its Louisville flagship to seven additional markets, hired more than 1,000 teammates, oversaw total real estate development in excess of $380 million, and organized more than 100 exhibitions in over 75,000 square feet of hotel exhibition space.
Founded in 2006, 21c Museum Hotels currently operates in Louisville and Lexington; Cincinnati; Bentonville, Arkansas; Durham; Oklahoma City; Nashville, and Kansas City. 21c ‘s ninth property in Chicago is scheduled to open in Q4 of 2019, while additional properties are under development in St. Louis and Des Moines.
About ACG Kentucky:
As part of the global Association for Corporate Growth network, ACG Kentucky focuses on corporate growth by fostering regional support ecosystems comprised of M&A, finance, accounting, risk management and legal professionals. The group provides insight on capital formation trends and important local and national issues, and connects members through a monthly speaker series, the Mid-South ACG Capital Connection and special events. More information is available at acg.org/Kentucky.
Terry McWilliams | terrym (at) mozaicir (dot) com | 502.410.2113
Brad Smith | President | ACG Kentucky | brad.smith (at) mcmcpa (dot) com
Previous ACG Kentucky Deal of the Year honorees
2018 – Blue Equity’s acquisition of Liquor Barn, the largest locally owned and operated retail chain of spirits, beer, wine and party goods in Kentucky, was honored as the 2017 Deal of the Year.
2017 – Weller Equity Partners’ investment in KFI Furniture was 2016’s top deal. CI Agent Solutions and Almost Family were also recognized.
2016 – The top 2015 deal was the acquisition of Angel’s Envy (Angel’s Share Brands/Louisville Distilling Co.) by Bacardi Limited (Hamilton, Bermuda). Kindred Healthcare and Trilogy Health Services transactions were also recognized.