On March 8th, 2018, Valesco closed its fourth investment from Valesco Fund II. The transaction was a majority buyout of Access Destination Management Corporation, LLC and its affiliates (“Access”), a rapidly-growing experiential marketing/destination management company that designs and implements special events for corporations, associations and incentive travel companies. These single or multi-day programs involve various activities (e.g. events, excursions, recreation, corporate social responsibility, etc.) as well as staffing, transportation and logistics – designed to meet each client’s specifications and goals.
Access provides convenience and comprehensive “access” to the best destinations in North America and around the world. We are proud to support the Company’s mission of providing shared experiences that bring people together which has led to an inspired, recurring customer base.
Chris Lee, who will serve as Chairman Emeritus of Access, added, “The team at Valesco believes in our strategy, our brand, our partners and our vision. They are the ideal group to advance the Access legacy.”
Valesco continues to seek target investment opportunities to provide equity and subordinated debt for control buyout, recapitalization, minority, management buyout and mezzanine situations from Valesco Fund II. Access is a great example of relationship, partnership and creativity to find the best possible outcome for the business, the founding shareholders and Valesco. The company is poised for continued success and we could not be more excited to add Access to our growing portfolio.