CTM Group Enters Into Agreement to Combine With ScooterBug Best Lockers, Creating Leading Global Provider of Outsourced Guest Solutions for the Entertainment Industry
Summary
NEW YORK & SALEM, N.H. & ORLANDO, Fla.--(BUSINESS WIRE)--CTM Group Inc. ("CTM"), a leading global provider of managed entertainment and souvenir solutions for tourist destinations and other high-traffic venues, today announced it has entered into an agreement to acquire ScooterBug Best Lockers, a leading provider of mobility and locker solutions across leisure and entertainment sites and major tourist destinations. “This transformative transaction brings together two highly complementary companies and positions the combined business as the leading solutions provider at the most sought-after tourist destinations in the U.S. and around the world,” said James Zenni, Founder, President, and Chief Executive Officer of ZCG. “I look forward to working closely with Andrew and Steve to execute on a range of white-space opportunities that are expected to generate consistent growth and position the business for success over the long term.” “Together, CTM and ScooterBug Best Lockers will deliver a broader suite of solutions for operators and an even better guest experience,” said Mr. Kindfuller. “CTM’s global platform in high-traffic retail and tourist destinations, longstanding relationships and service-focused approach align closely with our business and our values at ScooterBug Best Lockers. Formed in 2002, CTM is a leading global provider of managed entertainment and souvenir solutions for tourist destination and other high-traffic venues, including theme and amusement parks, zoos, aquariums, museums and retail locations worldwide.