Kevin Rabbitt

Hornblower names Mike Flaskey CEO

Hornblower Group reports that Mike Flaskey has been appointed its new CEO effective immediately. Flaskey, who succeeds Kevin Rabbitt, has previously held senior leadership positions at Wyndham Vacation and Starwood Hotels & Resorts and Diamond Resorts.

At Diamond, Flaskey rose from chief sales & marketing Officer to COO, and ultimately CEO. He led a period of significant growth that culminated in its acquisition by Hilton Grand Vacations in 2021. Since then, he has served as a senior advisor to...

https://www.marinelog.com/news/hornblower-names-mike-flaskey-ceo/

Hornblower Group completes its restructuring

Hornblower Group, which filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas in February, reported on July 3 that it has successfully completed its financial restructuring process and emerged with new majority ownership, a focused portfolio and financial flexibility to support its growth over the long-term. That news came less than a month after court approval of the company’s company’s plan of reorganization

Hornblower Group delivers a range of water...

https://www.marinelog.com/news/hornblower-group-completes-its-restructuring/

Court confirms Hornblower restructuring plan

Hornblower Group, which filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas in February, reports that the court has now confirmed the company’s plan of reorganization. With court confirmation of the Hornblower restructuring plan, the company, which is a major player in the U.S. ferry market, says that it “has used this process to position the business for future success with a more focused portfolio, introduce new majority ownership and strengthen its...

https://www.marinelog.com/news/court-confirms-hornblower-restructuring-plan/

Hornblower restructures, pulls plug on American Queen

As part of a restructuring that will see it get an infusion of cash and a new majority owner, Hornblower Group has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The restructuring agreement will see funds managed by global alternative investment firm Strategic Value Partners, LLC (SVP) and its affiliates take majority ownership of Hornblower and provide a significant equity investment...

https://www.marinelog.com/inland-coastal/hornblower-restructures-pulls-plug-on-american-queen/