Stonecreek LLC’s Acquisition of Affiliate Adventure Studios LLC is Prompted by Out-of-Home Entertainment Trends, and Increasing Convergence of Real Estate, Themed Entertainment, and Hospitality Industries
Westlake Village, CA (PRWEB) February 9, 2005 -- Stonecreek LLC announced
today an agreement to acquire affiliate Adventure Studios LLC by year-end, in a
move to consolidate both company’s client services approach and to take
advantage of each firm’s strategic consulting strength.
"It simply makes sense to bring these two entities under one roof," said Don Bredberg, Managing Director of Stonecreek LLC, "in the last two decades, the application of experiential design and branding ideas has grown into every place-based industry and built product. At the same time, as an industry we’ve had a lot of "lessons-learned" and as a result most owners and investors require a focus on due diligence, feasibility and project management discipline – the bread and butter of our Stonecreek consultants."
Stonecreek LLC and Adventure Studios LLC have operated as affiliates since Adventure Studios’ founding in 1999. "This is the right move at the right time,” according to Stonecreek Marketing Director Jennifer Warren, "in so many cases, it is difficult to determine where Adventure Studios’ creative services ended, and our project management and feasibility work began. This will simplify things a bit as we go forward."
Stonecreek also expects its experience with financing, due diligence, and investor acquisition representation, to propel Adventure Studios’ efforts with investors. Adventure Studios has devoted significant resources to out-of-home product R&D, and has created a program of proprietary place-based entertainment and retail products that it plans to pursue with investor backing. StoneCreek LLC also expects its creative , event, and feasibility expertise, to increase the attractiveness of its consulting services to redevelopment agencies and their consultants and advisors.
Stonecreek LLC is based in Westlake Village, California. The firm was originally founded as Stonecreek Advisors by Don Bredberg and Clayton Corwin and has been in operation since 1994. Since it’s founding, the San Diego and Orange County offices of Stonecreek Advisors have formed an independent affiliated entity, the Stonecreek Company, which has operated in close collaboration with Adventure Studios and Stonecreek LLC. Stonecreek LLC is also publisher of news source PlaceNews.com, offering "always-fresh" news concerning the out-of-home entertainment industry.
Adventure Studios LLC has been in operation since 1999 supporting client location-based entertainment projects, providing creative product concepting, place-making consulting including location-based sponsorship plans, and experiential design support of client projects throughout the U.S. and Asia. Adventure Studios also operates with an events group, Team-Makers Events, with a specialty in group team-building, mall entertainment, and event multi-media support. Founding principal, Don Bredberg, directed the CityWalk Roll-Out Program at Universal Studios Recreation Group prior to forming Adventure Studios.
For more information about consultants Stonecreek LLC and affiliate Adventure Studios LLC, visit www.StonecreekLLC.com or call Amy Giggins at Adventure Studios Communications, at 818.973.3131.
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