M&A Deal Summary

Pivotal Group Acquires Promontory

On April 17, 2009, family office Pivotal Group acquired leisure company Promontory

Acquisition Highlights
  • This is Pivotal Group’s 3rd transaction in the Leisure sector.
  • This is Pivotal Group’s 5th transaction in the United States.
  • This is Pivotal Group’s 2nd transaction in Utah.

M&A Deal Summary
Date 2009-04-17
Target Promontory
Sector Leisure
Buyer(s) Pivotal Group
Deal Type Special Situations/Distressed

Target

Promontory

Park City, Utah, United States
Promontory operates a luxury private community in historic Park City and occupies 7,200 acres. Multi-generational amenities include championship golf courses designed by Pete Dye and Jack Nicklaus, Ranch Clubhouse & Spa, The Shed Clubhouse with bowling, art studio, theatre and more, Outfitter's Cabin, Equestrian Center, "Kid's Only" Cabin and Deer Valley private member lodge. Promontory was founded in 2001 and is based in Park City, Utah.

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Buyer(S) 1

Buyer

Pivotal Group

Phoenix, Arizona, United States

Investor

Category Family Office
Founded 1985
Size Small
Type Sector Focused
DESCRIPTION

Pivotal Group is a private investment firm focused on acquiring real estate assets as well as select private equity investments. Within real estate, areas of interest include niche residential projects, commercial development, master planned communities, luxury hotel and spa properties, commercial office buildings. Within private equity, Pivotal looks for companies operating in the media, leisure, entertainment and technology infrastructure sectors. Pivotal prefers opportunities in the Western half of the US. Pivotal was founded in 2002 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 5 of 7
Sector (Leisure) 3 of 3
Type (Special Situations/Distressed) 1 of 2
State (Utah) 2 of 2
Country (United States) 5 of 7
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-06 Network Solutions

Herndon, Virginia, United States

Network Solutions LLC is a provider of online solutions for small businesses. Network Solutions provides a variety of Internet services, including domain name registration, e-mail services, Web-site hosting and creation tools, and other value-added services for its more than 4 million customers. Network Solutions LLC was established in 1979 and is based in Herndon, Virginia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-19 Global Capacity

Chicago, Illinois, United States

Global Capacity is a telecom information and logistics company providing a fully integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, pricing, building, optimizing and managing customized communications networks. Global Capacity is based in Chicago, Illinois.

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