H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $67 billion of capital under management, is pleased to announce that one of its affiliates has completed a strategic investment in 360 Destination Group (“360DG”) and CSI DMC (“CSI”), to facilitate the merger of two leading destination management companies (“DMCs”).
CSI and 360DG both provide end-to-end event services in the U.S. and international markets to enterprise customers, planning and managing large corporate events, incentive trips, and conferences. Both companies craft memorable and bespoke event experiences that require deep local expertise, with services including décor design, food and beverage management, entertainment, production, and transportation. Together, the combined company will be positioned to better serve customers across 46 destinations, both in the U.S. as well as internationally.
Trevor Hanks, Managing Partner of 360DG, said, “This investment marks a significant milestone, allowing us to extend our reach and elevate the experiences we provide to our clients. With the support of H.I.G., we can further innovate and offer even more tailored and high-impact events in new and existing locations.” Shelly Archer, Managing Partner of 360DG, added, “This transaction will allow us to better serve our customers on a global scale, while maintaining the local expertise that sets us apart.”
Hope Valentine, President of CSI, said, “CSI has always been committed to providing our clients with creative, personalized, and innovative event experiences across locations. This merger enables us to leverage our complementary strengths, ensuring that we continue to provide extraordinary events across an even larger geographic footprint.” Tom Hubler, Chief Operating Officer of CSI, added, “By joining forces, CSI and 360DG will be able to deliver even more creativity to our customers and enhance the white glove service they expect. Together, we are expanding our capabilities to better serve our customers across more destinations with even greater executional excellence.”
Andrey Vakhovskiy, Managing Director at H.I.G., added, “We believe this merger of equals creates the leading event services platform in the destination management industry. CSI and 360DG both have strong reputations for delivering exceptional experiences, and we look forward to supporting their continued growth and setting a new industry standard in destination events.”
