CTM Group Inc., 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, have 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,” says James Zenni, founder, president and CEO 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 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.”
More information about the combined company and VENU+ brand is available at www.VENUplus.com.
