DAVENPORT, Iowa (Dec. 30, 2025) – Lee Enterprises, Incorporated (the “Company” and Nasdaq: LEE) today announced that it has entered into a definitive stock purchase agreement for a $50 million strategic equity investment in the Company’s common stock. The investment is led by David Hoffmann (“Hoffmann”), with participation from other existing investors in the Company, providing the Company with committed capital and a strengthened financial and governance foundation as it moves into its next phase.
Under the agreement, the Company has entered into a $50 million private placement of common stock at an investment price of $3.25 per share anchored and fully backstopped by Hoffmann, who initially committed a minimum of $20 million, with the remaining $30 million allocated to other top existing investors. As a result of the subscription levels and backstop, at signing, Hoffmann has committed approximately $35 million, with additional investors committing approximately $15 million. Also, Hoffmann has backstopped the capital raise by fully committing to purchase any remaining amount of common stock to the extent not purchased by any additional investors at the closing of the transaction. Subject to customary closing conditions and stockholder approval, the Company expects to receive the full $50 million of gross proceeds at the closing of the transaction, before transaction expenses.
The closing of the $50 million investment is expected to satisfy a condition to amend the Company’s existing credit facility, reducing the annual interest rate on approximately $455.5 million of the Company’s outstanding long-term debt to 5% from 9% for a five-year period, materially improving the Company’s capital structure and cash flow outlook.
Following a comprehensive review of the Company’s performance, capital structure, and long-term opportunities, the Company’s board of directors (the “Board”) unanimously approved the transaction and determined that decisive action was required. The Board concluded that strengthening the balance sheet, implementing leadership change, and advancing a clear strategic direction are necessary to improve execution and position the Company for long-term value creation.
“This transaction reflects the Board’s determination to act decisively,” said Mary Junck, Chair of the Board. “By strengthening the balance sheet and improving the Company’s capital structure, we are putting the Company in a better position to execute and create long-term value.”
As part of the closing of the strategic equity investment, David Hoffmann is expected to assume the role of Chair of the Board.
“This transaction strengthens the Company’s balance sheet and reflects the Board’s determination to take decisive action,” said David Hoffmann, incoming Chair of the Board. “With improved financial stability and a clear governance framework in place, the focus can now be on disciplined execution and long-term value creation.”
Concurrently with the execution of the stock purchase agreement, Kevin Mowbray, the Company’s President and Chief Executive Officer, has announced his retirement. The Company expects the current Chief Operating Officer, Nathan Bekke, to serve as Interim Chief Executive Officer, and the Board has initiated a search for a permanent CEO. Kevin joined the Company in 1986, and over his 39-year career, he served in thirteen Lee markets.
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Advisors
Oppenheimer & Co. Inc., Kirkland & Ellis LLP and Lane & Waterman LLP served as exclusive financial advisor and legal advisors, respectively, to Lee Enterprises, Incorporated.
Stifel and Lathrop GPM LLP served as the exclusive financial advisor and legal advisor, respectively, to Hoffmann.
Other Important Information
The issuance and sale of shares of the Company’s common stock pursuant to the foregoing transactions is subject to customary closing conditions, including among other things, the approval of our stockholders at a special meeting (the “Special Meeting”), which is expected to be held in the first quarter of 2026.
The shares of common stock being issued and sold in the above-mentioned transaction will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws and accordingly may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the “SEC”) or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This communication is being made in regard to the Special Meeting and the related proposals. In connection therewith, the Company intends to file a preliminary proxy statement with the SEC. Once the preliminary proxy statement is declared effective, a definitive proxy statement will be mailed or otherwise made available through permissible means to the Company’s stockholders. BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT ONCE AVAILABLE REGARDING THE PROPOSALS SET FORTH THEREIN AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSALS SET FORTH THEREIN. This press release is not a substitute for the proxy statement or any other document that the Company may file with the SEC. Stockholders may obtain free copies of the proxy statement, any amendments or supplements thereto and other documents containing important information about the Company once such documents are filed with the SEC, through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by the Company will be available free of charge on the “Investor Relations” section of the Company’s website (https://investors.lee.net/).
In support of the transaction, the Company’s board of directors, senior management, and key stockholders have entered into voting agreements in favor of the transaction. The Company and members of the Company’s board of directors, as well as certain existing stockholders participating in the transaction as described above, may be deemed to be “participants” under SEC rules in any solicitation of the Company’s stockholders in respect of the Company’s proposals set forth in the definitive proxy statement. Information regarding the directors and executive officers of the Company is set forth (i) in the Company’s Annual Report on Form 10-K for its fiscal year ended September 28, 2025, filed with the SEC on November 26, 2025 (the “Annual Report”) and (ii) to the extent holdings of the Company’s securities by its directors or executive officers have changed since the amounts set forth in the Company’s Annual Report, such changes have been or will be reflected on Initial Statement of Beneficial Ownership of Securities on Form 3, Statement of Changes in Beneficial Ownership on Form 4, or Annual Statement of Changes in Beneficial Ownership on Form 5 filed with the SEC, including: Form 4 filed by Joseph Battistoni on December 18, 2025, Form 4 filed by Nathan Bekke on December 18, 2025, Form 4 filed by Astrid Garcia on December 18, 2025, Form 4 filed by Timothy Millage on December 18, 2025, and Form 4 filed by Kevin Mowbray on December 18, 2025.
Further information concerning certain persons, including with respect to their holdings, who may be deemed participants in the solicitation of the Company’s stockholders under the rules of the SEC will be set forth in the definitive proxy statement when it is filed with the SEC. You may obtain free copies of these documents through the website maintained by the SEC at https://www.sec.gov.
No Offer or Solicitation
This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Special Meeting.
About Lee
Lee Enterprises is a major subscription and advertising platform and a leading provider of local news and information with daily newspapers, rapidly growing digital products and nearly 350 weekly and specialty publications serving 72 markets in 25 states. Our core commitment is to provide valuable, intensely local news and information to the communities we serve. Our markets include St. Louis, MO; Buffalo, NY; Omaha, NE; Richmond, VA; Lincoln, NE; Madison, WI; Davenport, IA; and Tucson, AZ. Lee Common Stock is traded on the NASDAQ under the symbol LEE. For more information about Lee, please visit www.lee.net.
Forward-Looking Statements
This press release includes forward-looking statements, including statements relating to the expected timing of the closing of the transaction (if at all), the use of proceeds of the transaction and any expected interest savings as a result thereof. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “may,” “will,” “should,” “could,” “expect,” “intend,” “plan,” “anticipate,” “potential,” “outlook” or “shall,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC and the following: potential delays in consummating or the inability to consummate the transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the stock purchase agreement; failure to obtain stockholder approval at the Special Meeting; the effect of the pendency or completion of the transaction on the parties’ business relationships and business generally; changes in the Company’s corporate governance (including with respect to any new directors); competition and pricing pressures; and economic conditions generally. All forward-looking statements set forth in this press release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this press release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except to the extent required by law.
Contact: [email protected] | [email protected]
Local publisher David Cook will continue to run day-to-day operations
ASPEN, Colo. (Dec. 30, 2025) — Today, Hoffmann Family of Companies (“HF Companies”), through its media division Hoffmann Media Group, has acquired Aspen Daily News and will support the publication’s continued independent operation under its existing local leadership. The Hoffmanns have deep personal ties to Aspen and, through this purchase, are investing in the paper’s long-term stability while keeping its newsroom, leadership, and editorial independence firmly rooted in the Roaring Fork Valley.
Under the agreement, publisher David Cook will continue to lead all day-to-day operations, ensuring continuity in the paper’s mission, newsroom culture, and commitment to the community it has served since 1978.
“This paper has always belonged to Aspen,” Cook said. “Our job is—and always has been—to hold power accountable, tell the stories that matter and reflect the character of the Roaring Fork Valley. This acquisition gives us the stability to keep doing that work at the highest level, with the same independence and local leadership our readers expect.”
Cook emphasized that the newsroom remains unchanged, including editorial decision-making, staffing, coverage priorities, and the paper’s famously unvarnished voice.
The Hoffmanns bring both resources and a long-standing personal connection to the valley, rooted in decades of visits and the many memories made together over the years. Their investments include CTS Aspen, the valley’s premier luxury ground transportation provider; RMC, the destination management company originally founded in Aspen and now headquartered in Basalt; and several real estate holdings across the region including Avon.
Pason Gaddis, CEO of Hoffmann Media Group, emphasized that the family’s investment continues a personal commitment to the Roaring Fork Valley, not an outsider’s play for consolidation.
“We see tremendous opportunity to elevate Aspen Daily News through cutting-edge digital innovation while honoring its rich heritage,” Gaddis said. “This investment ensures the paper remains a trusted voice and a cornerstone of the valley’s media landscape for generations to come.”
The partnership comes at a pivotal moment for local journalism nationwide. By joining forces with a family-owned media group—not a hedge fund or corporate chain—Aspen Daily News positions itself to enhance digital innovation, diversify revenue and remain a strong, independent voice in Aspen for decades to come.
Founded in 1978 as a one-page “missive,” Aspen Daily News has evolved into one of Colorado’s most distinctive and influential local newspapers, known for its watchdog reporting, lively opinions, and commitment to community-centered storytelling. Cook, who became publisher in 2014 and co-owner in 2017, will continue to guide ADN’s organizational mission and represent the paper in the community.
“What matters most is that our readers see the same Aspen Daily News tomorrow that they saw yesterday,” Cook said. “The only difference is that we’ll now have the support to grow in the ways this community deserves.”
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About Hoffmann Media Group:
Hoffmann Media Group—part of Hoffmann Family of Companies—is a rapidly expanding, community-focused media organization committed to strengthening local journalism across the United States. With a portfolio of more than 40 publications spanning over 30 markets nationwide, the company delivers trusted reporting, compelling storytelling, and hyperlocal content that reflects the unique character of each community it serves.
The portfolio includes wellestablished newspapers and specialty publications across Florida, Colorado, Missouri, Michigan, and California, such as Florida Weekly, Aspen Daily News, The Missourian, The St. Ignace News, Mackinac Island Town Crier, the Napa Valley Register, the St. Helena Star, The Telluride Times, The Norwood Post, Babcock Ranch Telegraph, Ave Maria Sun, and Florida Health Care News, among others.
Hoffmann Media Group continues to grow through strategic acquisitions that preserve local newsrooms, protect jobs, and ensure that independent, community-rooted journalism remains accessible and sustainable for future generations.
About Hoffmann Family of Companies:
Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 125 global brands and employs more than 22,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com.
For More Information: [email protected]
The transaction is subject to approval by the National Hockey League (NHL) Board of Governors and is expected to close in early 2026.
PITTSBURGH/BOSTON/CHICAGO (Dec. 19, 2025) – Fenway Sports Group (FSG) and Hoffmann Family of Companies today announced that they have entered into a definitive agreement for the Hoffmanns to acquire a controlling interest in the Pittsburgh Penguins. Headquartered in Chicago, Ill., the Hoffmann family have built a diverse portfolio of operating businesses and commercial real estate holdings and are also owners of the Florida Everblades of the ECHL. The close of the transaction is subject to approval by the National Hockey League (NHL) Board of Governors and other customary approvals for a transaction of this kind.
“During a formal process to explore investor interest in the Pittsburgh Penguins, we were approached by the Hoffmann family with an offer that warranted serious consideration,” said Sam Kennedy, CEO of Fenway Sports Group. “From our earliest conversations, their love of the sport and their commitment to doing things the right way made it clear they would be thoughtful stewards of the franchise, which is why we chose to seriously consider their interest. We plan to work closely with them to ensure a smooth transition and to carry forward the momentum that’s been built. It has been an honor to be part of the Penguins’ story, working alongside a world-class leadership team, passionate fans, and a dedicated community. We are proud of the strong foundation we’ve built, and with Kyle Dubas continuing to lead hockey operations, the Penguins are well positioned to carry out the plan in place to reclaim their place as perennial Stanley Cup contenders.”
Hoffmann Family of Companies is a rapidly expanding, family-owned private equity enterprise of over 125 global brands led by brothers Geoff and Greg Hoffmann. Geoff oversees the family’s private equity investments and Greg managing its real estate holdings. In addition to their business ventures, the Hoffmann’s acquired the Florida Everblades of the ECHL in 2019 and are deeply committed to community impact, contributing millions annually to nonprofits across the country. Their philanthropic efforts include the creation of Type 1 Timer Hockey in 2022 by Geoff Hoffmann and his wife, the only nonprofit hockey camp in North America dedicated to supporting young athletes with type 1 diabetes.
“Hockey has always been a meaningful part of our family’s story, which makes this an incredibly special opportunity,” said Geoff Hoffmann, CEO of Hoffmann Family of Companies. “We’ve long admired the Pittsburgh Penguins – not just for their championship legacy and history, but for the culture, passion, and loyalty that define the organization. From our earliest conversations, we saw how deeply the Penguins are woven into the fabric of Pittsburgh. We are honored to join that tradition and excited to become an active part of the community.”
He continued: “The franchise has thrived under the world-class leadership of Fenway Sports Group, and we are excited to build on that momentum. Our goal is to support Kyle Dubas with everything he needs to bring the Penguins back to the pinnacle of the NHL. We look forward to working alongside the exceptional leadership team already in place, strengthening our connection with Penguins fans, and ensuring the franchise remains a source of pride for the city for generations to come.”
FSG, which acquired a controlling interest in the Penguins in 2021, will remain a minority shareholder for a period of time and continue supporting key business areas, including sponsorship sales and regional sports network management, as part of a phased transition. The Penguins’ leadership structure will remain unchanged, with the full executive team continuing in their current roles to ensure stability and consistency. At the helm of hockey operations, Kyle Dubas will continue to set the vision and oversee all aspects of the team’s on-ice strategy in his role as President of Hockey Operations and General Manager. Teddy Werner will continue to serve as Interim President of Business Operations through the close of the transaction. Upon completion of the deal, Geoff Hoffmann will serve as Team Governor, alongside Alternate Governors Greg and David Hoffmann, and will play an active role in guiding the Club’s business operations. Allen & Co. and CAA Evolution served as financial advisors to FSG on the transaction. Allen Overy Shearman Sterling LLP served as legal advisor to FSG
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About Hoffmann Family of Companies: Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 125 global brands and employs 17,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com.
About Fenway Sports Group: Fenway Sports Group (FSG) is a global sports, media, entertainment, and real estate company dedicated to building winning cultures by elevating iconic institutions, inspiring fans, and uniting communities across the globe. Anchored by the Boston Red Sox and Liverpool Football Club, FSG’s portfolio includes two of the world’s most celebrated venues, Fenway Park and Anfield Stadium. The group also continues to own the Pittsburgh Penguins pending the anticipated sale at the end of the year, subject to NHL approval. Additional holdings include the tech-driven Boston Common Golf team, regional sports network NESN, and a stake in NASCAR’s RFK Racing. Fenway Sports Management (FSM) serves as FSG’s growth and commercial engine, and Fenway Sports Group Real Estate (FSGRE) oversees the company’s real estate portfolio, acquisitions, and development projects. Guided by a vision to be the world’s preeminent sports and entertainment platform built to win, matter, and endure, FSG drives transformative growth through strategic investments, pioneering ventures, and a steadfast commitment to the communities it serves. For more information, visit fenwaysportsgroup.com.
More Information: Rachel Berkowitz | [email protected]
Collaboration Delivers Hands-On Learning, Modern Labs, and Early Apprenticeship Opportunities for the Next Generation of Industry Leaders
ALBERTA (Dec. 12, 2025) – CDN Controls, a Hoffmann Family of Companies portfolio company, has announced a landmark partnership with Northwestern Polytechnic (NWP) to launch the CDN Electrical Education Centre, a Hoffmann Family of Companies Community Commitment, a state-of-the-art facility designed to strengthen skilled trades education and create new opportunities for students across the Peace region through 2033.
The nearly 5,000-square-foot centre, located on NWP’s Grande Prairie campus, will feature modern labs, advanced simulation technology, and collaborative workspaces that immerse students in real-world electrical and instrumentation training. This initiative reflects a shared commitment to building a strong talent pipeline for Alberta’s growing energy and industrial sectors.
Empowering the Next Generation of Skilled Trades Professionals
The partnership goes beyond bricks and mortar. CDN Controls will serve as lead supporter for NWP’s Skilled Trades Dual Credit Pathways, enabling high school students to begin apprenticeship-style training early and earn credits toward both high school and post-secondary programs. This accelerated pathway gives students a head start on careers in electrical, instrumentation, and related technical fields.
“This partnership with Northwestern Polytechnic represents an investment in the next generation of skilled tradespeople who will drive our industries forward and strengthen Alberta’s economic future,” said Dean Fraser, CEO of CDN Controls. “Together with Hoffmann Family of Companies, we believe in making purposeful investments that deliver lasting value to the communities where we live and work.”
A Legacy of Growth and Innovation
Founded in 2010 and headquartered in Calgary, CDN Controls has long been a trusted provider of electrical and instrumentation solutions for Western Canada’s oil and gas industry. Its expertise spans automation, fabrication, telecommunications, renewables, and solar projects, with a strong focus on emissions reduction and major project construction.
Since joining the Hoffmann Family of Companies in March 2024, CDN Controls has expanded its footprint significantly. In December 2024, CDN and HF Companies acquired Superior Optimization, a leading energy services provider in Texas and New Mexico. Over the past seven months, the team has streamlined operations, developed growth strategies, and introduced CDN’s global brand as CAVIS Energy.
Building Community Through Education
For NWP, the CDN Electrical Education Centre represents a major step forward in its skilled trades expansion initiatives, complementing recent enhancements to Electrician, Millwright, and Instrumentation programs.
“We are grateful for this timely support, which will give students hands-on learning experiences and open doors to careers in the skilled trades,” said Dr. Vanessa Sheane, President and CEO of NWP. “When community partners step forward, they help shape a pipeline of skilled talent that will drive innovation and economic growth across the province.”
Looking ahead, this partnership underscores a shared vision: placing students at the heart of innovation and connecting education to real-world opportunities. By creating dynamic training environments and accelerating pathways to employment, CDN Controls and NWP are helping to secure Alberta’s economic future.
New Southwest Florida Course Promises Sanctuary for Golf Purists: Limited Membership, Uncompromising Design
ESTERO, Fla. (Oct. 24, 2025) – Hoffmann Family of Companies has partnered with internationally renowned architect Kyle Phillips to design and build Pandion Club (“Pandion”), a new golf course located on the site of the former Old Corkscrew Golf Club in Southwest Florida.
Well-known in South Florida’s real estate business circles for its ownership of the prestigious Old Collier Golf Club in Naples, the Florida Everblades franchise, and more than two dozen other local businesses, the Hoffmanns acquired Old Corkscrew in 2022 with a vision to develop a course in the spirit of Pandion.
“We’re thrilled to introduce a golf-only private club to Southwest Florida, designed by one of the world’s premier architects, Kyle Phillips,” said Geoff Hoffmann, CEO of Hoffmann Family of Companies’ private equity arm. “Golf is a true passion for our family, and Pandion Club reflects that. Members can expect an unforgettable experience centered entirely around the game.”
“We’re confident that Kyle Phillips is creating something truly special—an inspiring sanctuary that reflects the unique terrain of our region and elevates every aspect of the game,” said David Hoffmann, patriarch of the family and Chairman of Hoffmann Family of Companies. “Our goal is to ignite passion in our members, who live and breathe golf, with every round played at Pandion.”
Pandion Club is in the initial stages of its buildout and development, and early projections call for an opening in late 2027. Pandion was chosen because it is the scientific name for osprey, the majestic bird of prey often seen above or nesting on Florida’s coastlines, rivers and estuaries.
Phillips has plans for a course inspired by the heathland style of architecture, drawing inspiration from the works of English Golden Age designers such as Harry S. Colt and Tom Simpson. The layout is set to have a tentative par of 71 and approximately 7,220 yards.
“Working with the Hoffmann’s on the design of Pandion is a unique honor and opportunity for me,” said Phillips. “Their respect and passion for the game is reflected at Old Collier. Our aspiration is to highlight the architectural mastery of Colt and Simpson while utilizing the sand-based natural features of the land so that Pure Golf is on display. Our heathland-style design provides a chance to create something new and desirable for our discerning membership.”
The Hoffmann family’s intention is to operate Pandion Club with a membership of 280 individuals as a golf-only club with a low-country style house as the model for the clubhouse as well as a large practice range, teaching and short-game areas and putting greens.
Founded in 1997 and based in Granite Bay, California, Kyle Phillips Golf Course Design has earned international acclaim for both original designs and restorations. His global portfolio includes World Top 100 courses such as Yas Links in Abu Dhabi, California Golf Club of San Francisco, South Cape Owners Club in Namae, South Korea and Kingsbarns Golf Links in St Andrews, Scotland. Phillips has also designed an array of top-level courses throughout Europe, as well as Africa, Asia and Oceania.
Pandion Club promises to redefine the golf experience in Southwest Florida—where passion, design, and nature converge. Visit www.pandionclub.com for more information and to submit membership interest.
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About Hoffmann Family of Companies
Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 120 global brands and employs 17,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information visit HFCompanies.com
About Pandion Club
The scientific name for an osprey is Pandion haliaetus, a nod to the bird’s strength, instinct, and precision. Ospreys are expert hunters, guided by instinct and focus. These qualities have long resonated with David Hoffmann and the family. In fact, shortly after founding DHR Global—the firm that laid the foundation for the Hoffmann Family of Companies—David established Osprey Capital LLC, which remains one of the family’s key investment vehicles. Pandion Club pays tribute to the iconic ospreys of Southwest Florida and reflects the Hoffmann Family’s enduring values: excellence, vision, and respect for nature and tradition. Visit pandionclub.com to learn more.
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GlobalWorks Secures Spot at National Showcase with Dazzling Entry: “Chromatically Crafted: Shades of Sunset Supper”
NAPLES (Oct. 14, 2025) — GlobalWorks, a Naples-based experiential event agency and proud member of the Hoffmann Family of Companies, has been selected to participate in Marriott Bonvoy® Convention & Resort Network’s (“CRN”) Elite Suite Experience, a premier industry showcase spotlighting innovation and excellence in event design.
Founded and led by Managing Partners Katie Adams and Noelle Christie, GlobalWorks is a women-owned business redefining what it means to create unforgettable experiences.
“At GlobalWorks, we don’t just plan events—we craft the moments people remember forever,” said Adams. “From the spark of connection during a sunset toast to the awe of a perfectly lit venue, we design with intention and impact.”
With a portfolio that spans from the white-sand beaches of Southwest Florida to the volcanic shores of Punaluʻu, Hawaii, GlobalWorks transforms destinations into immersive, story-driven environments. Their full-service approach blends creativity, local insight, and logistical expertise to deliver events that are as seamless as they are spectacular.
CRN, a trusted resource for planners seeking high-impact meetings and immersive experiences, features more than 125 premier hotels and resorts across 50+ destinations. The network is powered by a community of hospitality innovators committed to excellence in event execution and creative collaboration.
“Being recognized on a national stage is a dream come true,” added Adams. “This event was a labor of love, and we’re thrilled to share it with a broader audience.”
GlobalWorks earned its place at next week’s showcase with its standout submission, “Chromatically Crafted: Shades of Sunset Supper,” originally hosted at the JW Marriott Marco Island in April. The concept invited guests to savor a multi-course meal inspired by the Pantone palette of a coastal sunset—warm oranges, soft pinks, dusky blues, and deep purples—each dish paired with curated wines to enhance the sensory journey. Guests experienced an Aura Camera photobooth, color-coordinated food and beverage tastings
Christie said, “The response to Sunset Shades was incredible. We’re excited to bring that same joy and wonder to even more people through this opportunity at the New York Marriott Marquis!”
“GlobalWorks thought of everything for the event, and I’m so glad that they were selected for the New York showcase,” said Tracy Tirell, Marketing Manager for JW Marriott—Marco Island. “Guests were greeted with familiar songs from a variety of genres; with a keen ear they realized each song being played has a color in the title. Think Purple Rain by Prince and Yellow from Coldplay. It was just so thoughtful and truly a top-notch experience.”
For more information about GlobalWorks and their portfolio of destination events, visit www.globalworksevents.com.
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About GlobalWorks
GlobalWorks is a premier full-service event and destination management company based in Naples, Florida. Renowned for crafting unforgettable experiences, GlobalWorks specializes in corporate events, meetings, and special occasions that blend creativity with flawless execution. With deep local knowledge and logistical expertise, the team delivers seamless, high-impact events across top destinations including Florida, Nevada, California, and Arizona. From venue sourcing and event design to on-the-ground coordination and insider access, GlobalWorks transforms vision into reality—elevating every moment.
About Hoffmann Family of Companies
Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 120 global brands and employs 17,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com.
About Marriott’s Convention & Resort Network
The Convention & Resort Network is a premier collection of 100 world-class, integrated JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels® Gaylord Hotels®, Westin Hotels & Resorts®, Sheraton Hotels & Resorts® and The Luxury Collection Hotels & Resorts® dedicated to providing the ultimate meeting experience for attendees. With over 9.3 million square feet of meeting space and over 100,000 guest rooms, the Convention & Resort Network offers choices from New York to Los Angeles, Las Vegas to Cancun, and Montreal to Hawaii.
For More Information: Rachel Berkowitz | [email protected]
Strategic partnership aims to strengthen Loadstar’s North America reach, accelerate growth
TORONTO (Oct. 13, 2025) – Hoffmann Family of Companies (“HF Companies”), a U.S.-based family equity firm known for its long-term investment philosophy and diversified portfolio, today announced the acquisition of Loadstar Trailers, Inc. (“Loadstar”), Canada’s premier manufacturer of lowboy and heavy-duty trailers. Known for its use of North American-made parts, premium materials, and precision engineering, Loadstar has earned a reputation for delivering custom-built trailers of exceptional quality and durability.
While terms of the transaction were not disclosed, Loadstar will continue to operate under the leadership of Joe Hopper, President and Founder, who retains partial ownership and will remain actively involved in the company’s strategic direction. The acquisition includes Loadstar’s 20,000-square-foot manufacturing facility in the Greater Toronto Area, with plans for future expansion to support growing demand across North America.
Founded in 1993, Loadstar has grown into one of Ontario’s largest manufacturers of heavy-duty trailers, serving industries such as agriculture, construction, logistics, and recreation. The company joins HF Companies’ growing manufacturing vertical, which includes respected trailer brands such as Doonan Specialized Trailer, Texas Bragg, and Bragg Trailers.
Mike Ruddle, CEO of Doonan, will serve as an advisor to Hopper and the Loadstar team, bringing an American market perspective to support the company’s continued growth.
“Mike and Joe are exceptional leaders, and we’re excited by the opportunities ahead as we continue growing our manufacturing vertical,” said Geoff Hoffmann, CEO of the private equity arm of Hoffmann Family of Companies. “What Joe has built over the past three decades is truly impressive, and we’re proud to support him in reaching the next chapter of Loadstar’s growth.”
“I’m excited about this partnership and the future of Loadstar,” added Hopper. “We share a customer-first mindset, deep technical expertise, and complimentary products and customers with our new sister companies, and that alignment will only strengthen our ability to serve clients across North America. Our team is outstanding, and I’m honored to join a group of trailer-makers who take real pride in their craftsmanship and the service we deliver.”
The deal team was led by Clayton Jones, EVP of Business Development and advised by Gowling WLG (Legal). Loadstar was advised by Baker Tilly Canada Capital (M&A) and Dickinson Wright (Legal).
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About Hoffmann Family of Companies: Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 120 global brands and employs 17,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com.
For More Information: [email protected]
NAPLES (Oct. 13, 2025) – Hoffmann Commercial Real Estate (“HCRE”), the real estate arm of Hoffmann Family of Companies (“HF Companies”) has expanded its footprint on Naples’ iconic Fifth Avenue South—one of Florida’s most dynamic and sought-after retail destinations—with a contract to acquire a new property.
Spanning from 465 Fifth Avenue to 494 Fifth Street, the newly acquired property includes five fully leased retail units. HCRE purchased the asset from longtime Naples hotelier Phil McCabe. This marks the final property McCabe owned on Fifth Avenue, following the recent sale of his townhome—located in the same building as the retail units—just four weeks ago. McCabe originally developed the building more than seven years ago.
“This is a meaningful milestone in my thirty-year journey on Fifth Avenue,” said McCabe. “After building, owning, and operating the Inn on Fifth for decades, and calling Fifth Ave. home for so long, I’m proud to pass this property on to HCRE. They’ve proven to be exceptional stewards of every property they’ve acquired, and I’m confident they’ll continue to elevate the future of Fifth Ave. through their thoughtful art contributions and first-class management.”
“We’ve always admired this property, and we’re thrilled to be back on Fifth Avenue, an area that owes much of its vibrancy to Phil [McCabe],” said Greg Hoffmann, CEO of Hoffmann Commercial Real Estate. “Phil was incredibly helpful to our family when we first came to town, and we genuinely enjoy working with him.”
He continued: “I’ve said it before, and I’ll say it again: we’re strong believers in the Naples commercial real estate market and remain committed to investing in its continued growth.”
This acquisition follows HF Companies’ purchase of 601 Fifth Avenue South in July, which will soon house the second location of Augusta Clothing Company, a boutique offering curated, high-quality apparel and accessories, founded by Jerri Hoffmann.
HCRE continues to build momentum with a diverse portfolio of stabilized and value-add assets in premier markets across North America. Its holdings span California, Canada, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Pennsylvania, Tennessee, Texas, and Wisconsin.
In addition to its real estate investments, HF Companies recently announced the acquisition of Pure Florida, a beloved maritime tourism business operating out of Historic Tin City in Naples—further demonstrating its commitment to the region’s economic vitality
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About Hoffmann Commercial Real Estate: Hoffmann Commercial Real Estate (HCRE), one of two arms within HF Companies, is a premier real estate investment and development firm specializing in the acquisition, management and redevelopment of commercial properties. With a diverse portfolio that spans stabilized and value-added assets, HCRE is committed to enhancing the communities in which it operates through thoughtful development and superior property management. HCRE’s strategic investments are focused both within the United States and internationally, reinforcing its position as a leader in the commercial real estate industry.
About Hoffmann Family of Companies: Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 120 global brands and employs 17,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com.
For More Information: Rachel Berkowitz | [email protected]
Pure Florida Joins Marine Vertical, Ensuring Continued Local Legacy on the Water
NAPLES (Oct. 3, 2025) – Hoffmann Family of Companies (“HF Companies”), a U.S.-based family equity firm known for its long-term investment philosophy and diversified portfolio, is pleased to announce the acquisition of Pure Florida, a popular maritime tourism business operating in Naples, Fla.
Founded in 2009 by father-and-son duo Captains Lance and Harry Julian, Pure Florida represents five generations of maritime expertise and over 25 years of industry experience. With a steadfast commitment to hospitality, adventure, and relaxation, Pure Florida has become a premier provider of water-based attractions for both seasonal visitors and permanent residents of Naples.
Jenny Gezella, President of Hoffmann Marine, commented: “The Julians have built an exceptional business in Southwest Florida, and we’re excited to carry their legacy forward. We look forward to working alongside their incredible team and welcoming Pure Florida into the Hoffmann Family.”
Operating out of Historic Tin City, Pure Florida’s fleet includes M/V Double Sunshine and M/V Naples Explorer, which offer sightseeing, dolphin-watching, and sunset cruises. The company also operates M/V Sea Flight, M/V Sea Flight II, and M/V Sea Flight III, providing deep-sea, back bay, and calm bay fishing trips, along with deck boat and Jet Ski rentals.
“After sixteen rewarding years of building the Pure Florida family, with the support of an incredible crew and vibrant Tin City community, the time has come to hand over the helm,” said [Harry] Julian. “I am proud of what the team has accomplished together and am grateful for the relationships we’ve built along the way. With strong leadership in place and new ownership stepping in, I’m confident Pure Florida will continue to grow, offering fresh experiences while delivering the high level of service our valuable customers expect and enjoy.”
This acquisition strengthens HF Companies’ significant presence in the region’s tourism and hospitality sector. Pure Florida joins a robust portfolio of Naples-headquartered businesses, including:
- 5 Star Valet
- American Farms
- Augusta Clothing Company
- Dolphin Transportation
- Everglades Excursions
- Florida Everblades
- Global Jetcare
- GlobalWorks Events & Destination Management
- Hertz Arena
- Kaleidoscope Floral
- Linstol
- Marco Island Princess
- Miss Naples
- MNH Sustainable Cabin Services
- Naples eBike Tours
- Naples Princess
- Naples Transportation & Tours (NT&T)
- Naples Trolley Tours
- Old Collier Golf Club
- Old Corkscrew Golf Club
- Port O’ Call Marina
- Port O’ Call Rentals
- Regency Watersports
- Rowland Coffee Roasters
- Segway of Naples Tours
- Stan’s Coffee
- Sunmaster of Naples
- The Java Butler
- Titan Screen
- Topiary Creations
The announcement follows the Hoffmanns’ recent reentry into the 5th Avenue South market through the expansion of Augusta Clothing Company, a boutique originally founded by Jerri Hoffmann, matriarch of the family business.
For a complete overview of Hoffmann Family of Companies’ Marine and Hospitality & Entertainment Verticals, visit www.hfcompanies.com/companies. For the latest news and updates, visit www.hfcompanies.com/news.
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About Hoffmann Family of Companies: Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 120 global brands and employs 17,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com.
For More Information: Rachel Berkowitz | [email protected]
Strategic acquisition expands global transportation network and strengthens luxury service footprint
TAMPA BAY (Oct. 1, 2025) – Hoffmann Family of Companies (“HF Companies”), a U.S.-based family equity firm known for its long-term investment philosophy and diversified portfolio, today announced the acquisition of Olympus Limo (“Olympus”), a premier luxury transportation provider serving the Tampa Bay area and over 350 cities worldwide.
Founded in 1996 with just two stretch limousines to support a thriving wedding business at Spartan Manor, Olympus Limo has grown into the largest and most trusted ground transportation company on Florida’s West Coast. Today, Olympus offers a full suite of chauffeured services—from black car sedans and SUVs to limousines, vans, and full-size motor coaches—serving individual travelers, corporate clients, and large-scale events.
“Olympus Limo has earned a stellar reputation for delivering safe, reliable, and high-touch transportation services across the U.S. and in hundreds of international markets,” said Geoff Hoffmann, CEO of HF Companies’ private equity arm. “Their dedication to excellence and customer care mirrors our own values, making them a natural fit for our portfolio. We’re proud to welcome Olympus to Hoffmann Transportation and look forward to accelerating their growth while preserving the exceptional service their clients have come to expect.”
Following the acquisition of four leading transportation companies in 2024, Hoffmann Family of Companies’ Aviation & Transportation vertical has experienced rapid expansion. Today, the division offers a broad spectrum of services—including luxury ground transportation, medical transport, valet operations, and more—across more than 25 global locations. With a growing international footprint and a reputation for premium service, the vertical continues to deliver exceptional experiences to a diverse and discerning customer base.
“Joining Hoffmann Family of Companies marks an exciting new chapter for Olympus,” said Ted Koutsos, CEO of Olympus Limo. “We’ve always believed in delivering best-in-class service, and with HF Companies’ support, we’ll be able to elevate our client experience and expand our reach like never before.”
The deal team was led by Tim Rose, President of Hoffmann Transportation Group, and advised by Frank Campoamor (Legal). Olympus was advised by John Athanaselos and Mike Little (Legal).
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About Hoffmann Family of Companies: Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 120 global brands and employs 17,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com.
For More Information: [email protected]