Saugerties, New York, USA – September 8, 2022 – Hits LLC today announced that as planned, founder Tom Struzzieri will be stepping away from his role as Chief Executive Officer at the end of the 2022 season, after more than 40 years at the helm of Hots LLC. Under Struzzieri’s leadership, Hits has become the premier brand known for producing world-class hunter/jumper competitions in the United States. Hits LLC will be led by their world class management team, while the Company actively engages in a search for a new CEO.
Struzzieri will remain a part owner and Director of Hits LLC, and will continue to provide strategic consulting to the Company as well as significant involvement in the launch of the Del Mar, California Showpark in 2023.
Struzzieri commented “I have been extremely fortunate over the 4 decades of running Hits to have a terrific group of employees who have been by my side through some very hard climbs as we together have grown the company. I remain committed to those people and will be in constant touch as a consultant as we face the next challenges together. On a parallel course, I have also been blessed to have very loyal clients and because of that loyalty they too can continue to count on me as a liaison to all things Hits related. The future of Hits is bright and I plan on doing what I can behind the scenes to help it shine.”
“It has been a pleasure to witness the industry through Tom’s eyes. He has been, and will continue to be, a guide and advisor to us all.” said Mortimer Singer, Managing Partner of Traub Capital Partners. “Tom has built a great business and we look forward to continuing our work together as partners.”
With six locations in New York, Florida, Vermont, Illinois, Virginia and now California, HITS will continue its mission of providing top quality competitions for riders at every level, while improving its facilities, technology and overall customer experience. Exhibitors can expect exciting new developments at the beginning of 2023 as the HITS Ocala Winter Show Series kicks off at Post Time Farm, as well as at Del Mar Showpark, where teams are already in place to begin renovations.
As Struzzieri steps away from his role as CEO, he is fulfilling his life-long goal of cycling across the United States, and will be supporting the National Multiple Sclerosis Society (NMSS) with Team Alpha. If you would like to consider making a donation you can do so here: https://www.alphabikeride.com/team
About HITS: For more than 40 years, HITS has established itself as an industry leader and the largest producer of hunter/jumper horse shows in the United States. HITS revolutionized the industry when it produced three of the then richest Grand Prix in the world. By the numbers HITS operates 6 venues with over 46 Weeks of USEF-sanctioned Hunter/Jumper competitions; 6 Weeks of Dressage events; and 65,000 horses expected to compete in 2022. Based in the Village of Saugerties, New York, HITS is a national company producing horse shows in Ocala, Florida; Culpeper, Virginia; Wayne, Illinois, East Dorset, Vermont, Del Mar, California, and Saugerties, New York.
About Traub Capital Partners:Traub Capital Partners is a New York-based strategic private equity firm specializing in building value in consumer companies using its unique combination of investment, strategic and operational expertise as well as a culture led, engaged approach. The fund targets investments in companies with revenue between $50 and $250 million. To learn more about Traub Capital Partners, visit www.traubcapitalpartners.com
Source: Press Release from Hits Horse Shows
Photo: © Hits Horse Shows / Alisson Hartwell