March 03, 2015 8:15 AM ET

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Company Overview of Milwaukee Bucks, Inc.

Company Overview

Milwaukee Bucks, Inc. (MBI) offers sports and entertainment services. The company owns and manages the Milwaukee Bucks professional basketball team that plays in the National Basketball Association. Additionally, it offers sport merchandise retailing and marketing services. MBI was founded in 1968 and is headquartered in Milwaukee, Wisconsin.

1001 North Fourth Street

Milwaukee, WI 53203

United States

Founded in 1968

Phone:

414-227-0500

Fax:

414-227-0497

Key Executives for Milwaukee Bucks, Inc.

President
Owner
Age: 54
Owner
Age: 52
Chief Financial Officer
Vice President of Business Operations
Compensation as of Fiscal Year 2014.

Milwaukee Bucks, Inc. Key Developments

Marquette University and Milwaukee Bucks Announce New Partnership

Marquette University and the Milwaukee Bucks announced a new partnership that will include the construction of a multipurpose center that supports college and professional athletes as well as academic research and wellness initiatives. The new venture has a goal of doubling research funding over the next five years and a major gift to establish a mental health research center. The center will provide cutting-edge faculty and student research in sports performance, medicine, nutrition and rehabilitation. It is also expected to combine indoor playing fields for Marquette's lacrosse and soccer programs, as well as an indoor track. The facility also is expected to improve access to recreation and fitness facilities for all students. Marquette University hopes to build the facility on 7.5 acres in the 800 block of W. Michigan St. The university recently acquired the parcel. Funding will come through gifts, corporate partnerships and research grants. The Bucks said the facility will not be the team's training center and is not related to their efforts to build a downtown arena. The team leases space at the Cousins Center in St. Francis. The new training facility is still in the conceptual phase. Design of the facility will be on a six-month ‘fast track’, with construction taking an additional 18 to 24 months. Two buildings on the site will be demolished. Jeanne Hossenlopp will become president for research and Innovation.

Milwaukee Bucks Announces New Local Investors

Milwaukee Bucks, Inc. introduced new local investors in the team - most notably ManpowerGroup executive chairman Jeff Joerres and Husco International executives Gus Ramirez and Austin Ramirez. The new investors announced also include two investment-business colleagues of Milwaukee Brewers lead owner Mark Attanasio, but not Attanasio himself. They are Marc Stern and Adam Stern, who both are minority investors in the Brewers. Marc Stern is chairman of The TCW Group Inc. Attanasio had indicated an interest in financially supporting a new arena in downtown Milwaukee in March 2014 but since then has declined to comment on Bucks-related matters.

Milwaukee Bucks Announces Executive Appointments

Peter Feigin, a former vice president of marketing for the New York Knicks, has been named president for the Milwaukee Bucks under new owners Marc Lasry and Wes Edens. He will focus on the team's efforts to secure additional sponsorships, create new community partnerships, grow the Bucks workforce and build a new arena in Milwaukee. Feigin most recently has been chief marketing and revenue officer of Deluxe Entertainment Services Group in New York City, where he managed global business units and handled branding for the international entertainment company. The Bucks announced they have hired Kelly Kauffman as vice president and head of human resources and human capital management. She most recently was the human resources director for Badger Meter Inc.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 16, 2014
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