MMGY’s existing management team will continue to operate the firm, and Clayton Reid will remain in his role as CEO. MMGY’s founding partners, Don Montague and Peter Yesawich, will continue to serve as senior advisors.
KANSAS CITY, MO – MMGY Global announced that Peninsula Capital Partners, a private equity firm with experience in the global travel industry, and Fine Equity Partners, have made a significant equity investment to support MMGY’s aggressive acquisition strategy, as well as new areas of international expansion.
MMGY’s existing management team will continue to operate the firm, and Clayton Reid will remain in his role as CEO. MMGY’s founding partners, Don Montague and Peter Yesawich, will continue to serve as senior advisors.
The transaction will allow MMGY partners to monetize a portion of their equity and align with an institutional partner, which affords the firm valuable expertise and access to growth capital. The Peninsula investment will enable a business plan that more than doubles the size of the company by 2020.
“It really is the best of both worlds,” said Clayton Reid, CEO of MMGY Global. “Our partnership with Peninsula opens up an entirely new set of opportunities for us to grow and invest in ways that would otherwise not be possible, while the company’s partners can enjoy the financial benefits of decades of hard work and also remain invested in the firm.”
Karl LaPeer, partner at Peninsula Capital Partners, said he “is excited to be joining forces with MMGY and that Peninsula is looking forward to working with Clayton Reid and his outstanding management team to accelerate MMGY’s growth in the coming years.”
MMGY was advised on the transaction by investment bank Cappello Global LLC and by Winstead PC on legal matters.
HSMAI Honors MMGY Global with 25 Awards, Two Platinum, in 59th Annual Adrian Awards Competition
The Hospitality Sales & Marketing Association International (HSMAI) has recognized MMGY and its clients with 12 gold, nine silver, and four bronze Adrian Awards for Public Relations, Digital Marketing and Advertising in the 59th annual Adrian Awards. Two of the agency’s gold award-winning entries also received Platinum Awards, the highest recognition bestowed in each category.
As the largest and most prestigious travel marketing competition globally, this year’s contest attracted more than 1,300 entries from around the world with entries judged by top executives from all sectors of the industry. To celebrate the winners, on February 16, HSMAI hosted the annual HSMAI Adrian Awards Gala, honoring MMGY Global for its accomplishments. The black-tie affair was attended by more than 1,000 hospitality, travel and tourism marketing executives at the New York Marriott Marquis.
MMGY Global received 25 Adrian Awards in the following categories:
Platinum
- Dolce Hotels and Resorts, Wyndham Hotel Group (Public Relations)
- CheapCaribbean.com (Digital Marketing)
Gold
- Terranea Resort (Public Relations)
- 3RD Home (Public Relations)
- Dolce Hotels and Resorts, Wyndham Hotel Group (Public Relations)
- Renaissance Aruba Resort & Casino (Public Relations)
- New Mexico (Digital Marketing)
- Lufthansa (Advertising)
- South Dakota Department of Tourism (Two Digital Marketing Awards)
- Fairfield Inn & Suites (Public Relations)
- CheapCaribbean.com (Digital Marketing)
- Santa Barbara (Advertising)
- The Beaches of Fort Myers & Sanibel (Advertising)
Silver
- Terranea Resort (Public Relations)
- NH Collection (Public Relations)
- The Beaches of Fort Myers & Sanibel (Public Relations; Advertising; Digital Marketing)
- South Dakota Department of Tourism (Public Relations)
- CheapCaribbean.com (Advertising)
- Gideon Putnam (Advertising)
- Intrepid Travel (Public Relations)
Bronze
- Visit KC (Digital Marketing)
- Destination Hotels (Digital Marketing)
- South Dakota Department of Tourism (Digital Marketing)
- The Beaches of Fort Myers & Sanibel (Advertising)
“We’re incredibly honored to be recognized for the work we’ve done with our travel and tourism partners,” said Stewart Colovin, EVP of Creative & Brand Strategy at MMGY Global. “These destinations, hotels and service providers, along with many of our clients, continue to advance and shape the future of the tourism industry, and it’s exciting to be part of that adventure alongside them.”
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
