This nationally branded destination management company (name confidential, hereafter “DMC”) was a leading, rapidly growing, nationally branded destination services management company that planned and organized over 1,700 events, corporate meetings and excursions annually for a variety of high-profile customers including MGM, Wells Fargo, AT&T and many others. DMC has been listed as a top 25 DMC nationally by Special Events Magazine for each of the last 13 years. DMC has 16 offices across the country, consisting of both company-owned and operated and licensed affiliate offices. On Monday May 4, 2020 DMC laid off nearly all of its employees and on Friday May 8, 2020 executed a General Assignment for the benefit of creditors in favor of Insolvency Services Group, Inc.
|2019 Brand-wide Revenues $110.6MM (including licensed affiliates)
2019 Direct Revenues $23.7MM / Direct EBITDA $2.6MM
Assets will be sold by Insolvency Services Group, Inc. (www.usisg.com) in its capacity as Assignee for the benefit of creditors of DMC, free and clear of the liens of record of secured lenders on an “as is, where is” basis without representations or warranties. The purchaser will not be required to assume any liabilities.
For further information and name of subject DMC, please contact Gunther Gee (949) 494-3922 or [email protected]
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