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Pohlad Companies

Full company profile

uuid0008naf

Namestring
Pohlad Companies
Legal namestring
Pohlad Companies
Company typeenum
Private
Founded yearint
1948
Descriptiontext

Pohlad Companies is a privately held, family-owned holding company headquartered in Minneapolis, Minnesota, founded by Carl Pohlad in 1948 and now in its third generation of family ownership. The company operates six wholly-owned subsidiaries across distinct industries: the Minnesota Twins (Major League Baseball franchise, owned since 1984), Northmarq (full-service commercial real estate capital markets with debt, equity, investment sales, loan servicing, and fund management), United Properties (commercial real estate ownership, investment, and development), PAR Systems (precision-engineered robotics and automation, including Jered marine systems for the U.S. Navy), Pohlad Investment Management (the family office managing permanent capital across public equity, fixed income, and direct private investments), and River Road Entertainment (independent film production founded by Bill Pohlad in 1987). The Minnesota Twins play at Target Field, which opened in 2010; Northmarq manages a loan servicing portfolio exceeding $76 billion with $52 billion in two-year transaction volume; and PAR Systems/Jered supplies critical marine systems used on every U.S. Navy surface combatant class ship since World War II.

The company's revenue model is a hybrid of transaction-fee businesses (Northmarq capital markets, United Properties CRE, River Road films, Twins ticketing/media), hardware sales (PAR Systems robotics and Jered marine systems), and investment management economics (PIM). Customer segments span enterprise industrial buyers (medical device manufacturers, clean energy firms, space exploration programs, defense/naval customers), commercial real estate investors, MLB fans and corporate sponsors, and the Pohlad family's own capital. GTM motions are similarly heterogeneous: direct enterprise field sales for PAR Systems and Northmarq, direct-to-consumer for the Twins, investment partnerships for PIM, and CRE development-led distribution for United Properties. Geographic reach is anchored in Minneapolis with regional offices in Denver and Austin and an international office in the United Kingdom supporting PAR Systems/Jered.

Beyond operating businesses, Pohlad Companies maintains a substantial community footprint through the Pohlad Family Foundation (focused on housing stability and racial justice in the Twin Cities) and the Minnesota Twins Community Fund. Since 2003, employees have donated more than $5 million through annual giving efforts. Recent strategic activity has included a December 2024 minority investor recapitalization of the Twins — bringing in Craig Leipold (Minnesota Wild owner) and other investors to retire $400M+ in COVID-era debt — accompanied by a leadership change in which Tom Pohlad became Twins CEO. The overall portfolio reflects a permanent-capital, multi-generational holding model prioritizing long-term capital appreciation and diversified operating exposure rather than short-term financial optimization.

Short descriptiontext

Pohlad Companies is a privately held, multi-generational family holding company headquartered in Minneapolis that owns the Minnesota Twins, Northmarq, United Properties, PAR Systems, Pohlad Investment Management, and River Road Entertainment across sports, CRE capital markets, robotics, investment management, and film.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersMinneapolis, United States
HQ citystring
Minneapolis
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
diversified holding company, private asset management, commercial real estate services, industrial automation systems, professional sports entertainment
Industry1 code
1HoldCo / Permanent Capital ETA
CodeFSANALAEPrimaryYes
NAICS code4 codes
  • Offices of Other Holding Companies551112
  • Corporate, Subsidiary, and Regional Managing Offices551114
  • Trusts, Estates, and Agency Accounts52592
  • Other Financial Vehicles525990
SIC code4 codes
  • Non-Operating Establishments9995
  • Real Estate Agents & Managers (For Others)6531
  • Operators Of Nonresidential Buildings6512
  • Lessors Of Real Property, Nec6519
Product category
Diversified Holding Company
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model6 records
1Minnesota Twins - Sports Entertainment
TypeTransaction Fee
Description

Revenue from MLB team operations including ticket sales, concessions, merchandise, media rights, and corporate sponsorships. The Twins play at Target Field (opened 2010) and represent a major Minnesota sports entertainment brand.

pohladcompanies.com
2Northmarq - Capital Markets
TypeTransaction Fee
Description

Full-service capital markets for commercial real estate with two-year transaction volume of $52 billion and loan servicing portfolio of $76 billion.

pohladcompanies.com
3PAR Systems - Robotics and Automation
TypeHardware Sales
Description

Precision-engineered systems and robotic solutions for medical devices, clean energy, space exploration, and defense. Jered provides critical marine systems to U.S. Navy and allied navies.

pohladcompanies.com
4United Properties - Commercial Real Estate
TypeTransaction Fee
Description

Commercial real estate ownership, investment, and development across office, industrial, retail, mixed-use, and senior housing sectors.

pohladcompanies.com
5Pohlad Investment Management - Private Asset Management
TypeLicensing Royalties
Description

Private asset management office managing family capital across private investment managers, public equity, fixed income, and direct private company investments. Also manages Pohlad Family Foundation investment portfolio.

pohladcompanies.com
6River Road Entertainment - Film Production
TypeTransaction Fee
Description

Feature film and documentary production company founded by Bill Pohlad. Produced acclaimed films including 12 Years A Slave, Brokeback Mountain, Love & Mercy, and Dreamin' Wild.

pohladcompanies.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 6 records shown
1Pohlad Investment Management
Description

Private asset management office of the Pohlad family, investing a permanent capital base across multiple asset classes with focus on long-term appreciation

pim.pohladcompanies.com
+5 more records
Core offering1 text field

Pohlad Companies is a privately held family-owned diversified holding company that owns and operates multiple wholly-owned business units spanning professional sports (Minnesota Twins MLB franchise), commercial real estate capital markets and development (Northmarq and United Properties), industrial robotics and automation (PAR Systems, including Jered marine systems), private asset management (Pohlad Investment Management), and independent film production (River Road Entertainment). The holding company model combines long-term permanent family capital with operating control across each subsidiary.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • $76 billion loan servicing portfolio managed by Northmarq
+2 more records
Product overview1 text field

Pohlad Companies is a diversified holding company operating multiple business units across sports, financial services, entertainment, robotics and automation, and commercial real estate sectors. The portfolio includes: PAR Systems (precision-engineered robotic and automated systems for medical, clean energy, space, and defense applications); Northmarq (full-service commercial real estate capital markets); Pohlad Investment Management (private asset management); United Properties (commercial real estate ownership and development); River Road Entertainment (independent film production); and the Minnesota Twins (Major League Baseball franchise).

Product and service5 records
1Minnesota Twins
CategoryProfessional Sports Entertainment
Description

Major League Baseball franchise playing home games at Target Field in Minneapolis; operated as a sports and entertainment brand generating revenue from ticket sales, merchandise, concessions, media rights and corporate sponsorships.

2Northmarq
CategoryCommercial Real Estate Capital Markets
Description

Full-service capital markets resource for commercial real estate investors offering debt, equity, investment sales, loan servicing and fund management, with a loan servicing portfolio exceeding $76 billion and $52 billion in two-year transaction volume.

3United Properties
CategoryCommercial Real Estate Development
Description

Commercial real estate firm operating as owners, investors and developers across office, industrial, retail, mixed-use and senior housing sectors, with offices in Minneapolis, Denver and Austin.

4PAR Systems
CategoryIndustrial Robotics and Automation
Description

Designs and integrates precision-engineered robotic and automated manufacturing systems for highly regulated industries including medical devices, clean energy, and space exploration; also operates Jered, which supplies critical marine systems used on every U.S. Navy surface combatant class ship and allied navies worldwide.

5Pohlad Investment Management (PIM)
Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeOthersAnnounced on2019-01-01
Description

First Pohlad Companies Employee Volunteer Day held in Fall 2019 in partnership with Catholic Charities. 100+ employees prepared 171 units of new permanent housing for previously homeless adults, including units for young adults at risk of homelessness.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Northmarq Capital acquired AmeriSphere in 2015 and solidified its presence in the Fannie Mae lending business, building a significant loan servicing portfolio.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Northmarq has a solid presence in FHA lending business, part of their comprehensive capital markets capabilities for commercial real estate.

4Steve McQueen
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Film director of Academy Award-winning Best Picture 12 Years A Slave, produced by River Road Entertainment.

pohladcompanies.com
5Ang Lee
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Film director of Academy Award-winning Brokeback Mountain, produced by River Road Entertainment.

pohladcompanies.com
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers7 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles16 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries6 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment2 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Pohlad Companies

Diversified Holding Companypohladcompanies.com

Pohlad Companies is a privately held, multi-generational family holding company headquartered in Minneapolis that owns the Minnesota Twins, Northmarq, United Properties, PAR Systems, Pohlad Investment Management, and River Road Entertainment across sports, CRE capital markets, robotics, investment management, and film.

What Pohlad Companies does

Pohlad Companies is a privately held, family-owned holding company headquartered in Minneapolis, Minnesota, founded by Carl Pohlad in 1948 and now in its third generation of family ownership. The company operates six wholly-owned subsidiaries across distinct industries: the Minnesota Twins (Major League Baseball franchise, owned since 1984), Northmarq (full-service commercial real estate capital markets with debt, equity, investment sales, loan servicing, and fund management), United Properties (commercial real estate ownership, investment, and development), PAR Systems (precision-engineered robotics and automation, including Jered marine systems for the U.S. Navy), Pohlad Investment Management (the family office managing permanent capital across public equity, fixed income, and direct private investments), and River Road Entertainment (independent film production founded by Bill Pohlad in 1987). The Minnesota Twins play at Target Field, which opened in 2010; Northmarq manages a loan servicing portfolio exceeding $76 billion with $52 billion in two-year transaction volume; and PAR Systems/Jered supplies critical marine systems used on every U.S. Navy surface combatant class ship since World War II.

The company's revenue model is a hybrid of transaction-fee businesses (Northmarq capital markets, United Properties CRE, River Road films, Twins ticketing/media), hardware sales (PAR Systems robotics and Jered marine systems), and investment management economics (PIM). Customer segments span enterprise industrial buyers (medical device manufacturers, clean energy firms, space exploration programs, defense/naval customers), commercial real estate investors, MLB fans and corporate sponsors, and the Pohlad family's own capital. GTM motions are similarly heterogeneous: direct enterprise field sales for PAR Systems and Northmarq, direct-to-consumer for the Twins, investment partnerships for PIM, and CRE development-led distribution for United Properties. Geographic reach is anchored in Minneapolis with regional offices in Denver and Austin and an international office in the United Kingdom supporting PAR Systems/Jered.

Beyond operating businesses, Pohlad Companies maintains a substantial community footprint through the Pohlad Family Foundation (focused on housing stability and racial justice in the Twin Cities) and the Minnesota Twins Community Fund. Since 2003, employees have donated more than $5 million through annual giving efforts. Recent strategic activity has included a December 2024 minority investor recapitalization of the Twins — bringing in Craig Leipold (Minnesota Wild owner) and other investors to retire $400M+ in COVID-era debt — accompanied by a leadership change in which Tom Pohlad became Twins CEO. The overall portfolio reflects a permanent-capital, multi-generational holding model prioritizing long-term capital appreciation and diversified operating exposure rather than short-term financial optimization.

Pohlad Companies firmographics

Firmographics
Name
Pohlad Companies
Legal name
Pohlad Companies
Website
https://pohladcompanies.com
Company type
Private
Founded year
1948
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Pohlad Companies is a privately held, multi-generational family holding company headquartered in Minneapolis that owns the Minnesota Twins, Northmarq, United Properties, PAR Systems, Pohlad Investment Management, and River Road Entertainment across sports, CRE capital markets, robotics, investment management, and film.
Ownership category
akta.pro rank

Pohlad Companies industry classification

Industry
Product category
Diversified Holding Company
NAICS
Offices of Other Holding Companies (551112), Corporate, Subsidiary, and Regional Managing Offices (551114), Trusts, Estates, and Agency Accounts (52592), Other Financial Vehicles (525990)
SIC
Non-Operating Establishments (9995), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519)
akta.pro primary industry
HoldCo / Permanent Capital ETA (FSANALAE)

Keywords

  • Diversified holding company
  • Private asset management
  • Commercial real estate services
  • Industrial automation systems
  • Professional sports entertainment

Where Pohlad Companies is headquartered

Location

Headquarters

HQ city
Minneapolis
HQ country
United States
HQ region
North America

Offices4 records

Markets served

Pohlad Companies business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

  1. Minnesota Twins - Sports Entertainment: Revenue from MLB team operations including ticket sales, concessions, merchandise, media rights, and corporate sponsorships. The Twins play at Target Field (opened 2010) and represent a major Minnesota sports entertainment brand.
  2. Northmarq - Capital Markets: Full-service capital markets for commercial real estate with two-year transaction volume of $52 billion and loan servicing portfolio of $76 billion.
  3. PAR Systems - Robotics and Automation: Precision-engineered systems and robotic solutions for medical devices, clean energy, space exploration, and defense. Jered provides critical marine systems to U.S. Navy and allied navies.
  4. United Properties - Commercial Real Estate: Commercial real estate ownership, investment, and development across office, industrial, retail, mixed-use, and senior housing sectors.
  5. Pohlad Investment Management - Private Asset Management: Private asset management office managing family capital across private investment managers, public equity, fixed income, and direct private company investments. Also manages Pohlad Family Foundation investment portfolio.
  6. River Road Entertainment - Film Production: Feature film and documentary production company founded by Bill Pohlad. Produced acclaimed films including 12 Years A Slave, Brokeback Mountain, Love & Mercy, and Dreamin' Wild.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Pohlad Companies product offering

Product offering

Core offering

Pohlad Companies is a privately held family-owned diversified holding company that owns and operates multiple wholly-owned business units spanning professional sports (Minnesota Twins MLB franchise), commercial real estate capital markets and development (Northmarq and United Properties), industrial robotics and automation (PAR Systems, including Jered marine systems), private asset management (Pohlad Investment Management), and independent film production (River Road Entertainment). The holding company model combines long-term permanent family capital with operating control across each subsidiary.

Product overview

Pohlad Companies is a diversified holding company operating multiple business units across sports, financial services, entertainment, robotics and automation, and commercial real estate sectors. The portfolio includes: PAR Systems (precision-engineered robotic and automated systems for medical, clean energy, space, and defense applications); Northmarq (full-service commercial real estate capital markets); Pohlad Investment Management (private asset management); United Properties (commercial real estate ownership and development); River Road Entertainment (independent film production); and the Minnesota Twins (Major League Baseball franchise).

Differentiator

Problem solved

Functional benefit

Brands

  • Pohlad Investment Management: Private asset management office of the Pohlad family, investing a permanent capital base across multiple asset classes with focus on long-term appreciation
  • Minnesota Twins
  • River Road Entertainment
  • PAR Systems
  • United Properties
  • Northmarq

Products and services

  • Minnesota Twins Major League Baseball franchise playing home games at Target Field in Minneapolis; operated as a sports and entertainment brand generating revenue from ticket sales, merchandise, concessions, media rights and corporate sponsorships.
  • Northmarq Full-service capital markets resource for commercial real estate investors offering debt, equity, investment sales, loan servicing and fund management, with a loan servicing portfolio exceeding $76 billion and $52 billion in two-year transaction volume.
  • United Properties Commercial real estate firm operating as owners, investors and developers across office, industrial, retail, mixed-use and senior housing sectors, with offices in Minneapolis, Denver and Austin.
  • PAR Systems Designs and integrates precision-engineered robotic and automated manufacturing systems for highly regulated industries including medical devices, clean energy, and space exploration; also operates Jered, which supplies critical marine systems used on every U.S. Navy surface combatant class ship and allied navies worldwide.
  • Pohlad Investment Management (PIM)

Quantifiable outcome

  • $76 billion loan servicing portfolio managed by Northmarq
  • +2 more outcomes

Companies that use Pohlad Companies

Customer profile

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Pohlad Companies technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Pohlad Companies partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • Catholic Charities of St. Paul & MinneapoliscoreOthers · 1 January 2019First Pohlad Companies Employee Volunteer Day held in Fall 2019 in partnership with Catholic Charities. 100+ employees prepared 171 units of new permanent housing for previously homeless adults, including units for young adults at risk of homelessness.
  • Fannie MaecoreStrategic or Co-development PartnerNorthmarq Capital acquired AmeriSphere in 2015 and solidified its presence in the Fannie Mae lending business, building a significant loan servicing portfolio.
  • FHAcoreStrategic or Co-development PartnerNorthmarq has a solid presence in FHA lending business, part of their comprehensive capital markets capabilities for commercial real estate.
  • Steve McQueenminorStrategic or Co-development PartnerFilm director of Academy Award-winning Best Picture 12 Years A Slave, produced by River Road Entertainment.
  • Ang LeeminorStrategic or Co-development PartnerFilm director of Academy Award-winning Brokeback Mountain, produced by River Road Entertainment.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Pohlad Companies competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Pohlad Companies social profiles

Digital presence

Pohlad Companies financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Pohlad Companies leadership team

Management profile

Number of profiles

Profiles16 records

Pohlad Companies subsidiaries and ownership

Company hierarchy

Subsidiaries6 records

Pohlad Companies funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Pohlad Companies M&A and investment

M&A and investment

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pohlad Companies

What does Pohlad Companies do?

Pohlad Companies is a privately held family-owned diversified holding company that owns and operates multiple wholly-owned business units spanning professional sports (Minnesota Twins MLB franchise), commercial real estate capital markets and development (Northmarq and United Properties), industrial robotics and automation (PAR Systems, including Jered marine systems), private asset management (Pohlad Investment Management), and independent film production (River Road Entertainment). The holding company model combines long-term permanent family capital with operating control across each subsidiary.

Is Pohlad Companies a public or private company?

Pohlad Companies is a private company. It is classified as family owned and is currently operating.

When was Pohlad Companies founded?

Pohlad Companies was founded in 1948. It employs 1,001 to 5,000 people.

Where is Pohlad Companies based?

Pohlad Companies is headquartered in Minneapolis, United States, in the North America region.

How does Pohlad Companies make money?

Six revenue lines are on record. Minnesota Twins - Sports Entertainment is the primary driver. The others are northmarq - Capital Markets, PAR Systems - Robotics and Automation, united Properties - Commercial Real Estate, pohlad Investment Management - Private Asset Management and river Road Entertainment - Film Production.

Does Pohlad Companies have an API?

No public API is recorded for Pohlad Companies.

What industry is Pohlad Companies in?

Pohlad Companies's product category is Diversified Holding Company. Its primary akta.pro industry code is FSANALAE, HoldCo / Permanent Capital ETA. Its NAICS code is 551112 and its SIC code is 9995.

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Live signals
TcbmagTom Pohlad on Spending, Winning, and the Future of the TwinsTom Pohlad replaced his brother Joe as the Minnesota Twins' ownership representative with Major League Baseball in December 2024, after the family brought in minority investors—including Minnesota Wild owner Craig Leipold—to pay down over $400 million in debt accumulated during the Covid years. Pohlad, who left his role at Pohlad Companies to become the team's CEO, has taken an active leadership position, firing president of baseball operations Derek Falvey and committing to being the public face of the organization through at least the 2026 season. In an exclusive interview, Pohlad acknowledged past missteps including the 2023 decision to cut payroll after a playoff appearance, emphasized the need to rebuild fan trust, and stated the family is committed to long-term ownership with the goal of winning a championship.MarketScreenerLithia Motors, Inc. agreed to acquire Carousel Motor Group, LLC from Pohlad Companies, Inc.Lithia Motors, Inc. has agreed to acquire Carousel Motor Group, LLC from Pohlad Companies, Inc. This transaction represents a strategic expansion for Lithia Motors within the automotive retail sector. The deal involves the transfer of ownership of the Carousel Motor Group business units.PR NewswirePohlad Companies To Sell JB Hudson JewelersPohlad Companies announced plans to sell JB Hudson Jewelers to Gunderson's Jewelers, with the transaction expected to close on March 31, 2021. Gunderson's, a family-owned jewelry retailer founded in 1945, currently operates stores in Sioux City, Omaha, Sioux Falls, and Fargo, and will expand into the Twin Cities market following the acquisition. JB Hudson Jewelers built a reputation as a destination for fine jewelry purchases and repair in the Minneapolis area.PR NewswirePohlad Companies Names New Chief Talent and Diversity OfficerPohlad Companies appointed Erryn Williams as its new Chief Talent and Diversity Officer, effective February 22, 2021. In this role, Williams will lead the organization's DEI strategy and talent practices in partnership with leadership teams across its diverse business portfolio.PR NewswirePohlad Companies To Sell Go Radio Stations 95.3 and 96.3The Pohlad Companies announced plans to sell its two Go Radio stations, KZGO and KQGO, marking its exit from the radio business. The transition to an all-music format takes effect immediately, with the anticipated sale expected to close in spring 2021. A small number of Go Radio employees will be retained to assist with the business closure, while all employees will receive transition support consistent with the company's philosophy.PR NewswireThe Pohlad Family Announces $25 Million Commitment to Racial Justice in the Twin CitiesThe Pohlad Family announced a $25 million commitment to racial justice in the Twin Cities, deploying resources from the Pohlad Family Foundation, family members, and Pohlad Companies in response to the murder of George Floyd and systemic racism. The two-phased approach includes short-term immediate relief, rebuilding organizations in impacted communities, and supporting grassroots organizations, alongside long-term structural change efforts through partnerships with other committed organizations. The commitment is in addition to the Foundation's existing work on homelessness and housing stability in the Twin Cities region.PR NewswirePohlad Companies Names New Chief Financial OfficerThe Pohlad Companies announced that Dennis Goetz has joined the organization as Chief Financial Officer, reporting to Matt Carter, Chief Administrative Officer. Goetz brings nearly 30 years of finance and accounting experience, most recently serving as founder and principal of Boyd Consulting Group, LLC, and previously holding roles at Carlson Companies, Buca di Beppo, and United Sports Brands. Pohlad Companies is a privately held diversified portfolio organization with operations spanning commercial real estate mortgage banking, automobiles, automation, sports, and investments.PR NewswirePohlad Companies Names Ben Hawn to New Chief Of Staff RoleThe Pohlad Companies announced that Ben Hawn will join the organization as Chief of Staff to CEO Bert Colianni, effective January 27, 2020. Hawn arrives from Argentem Creek Partners LP in Minnetonka, where he served as Managing Partner & General Counsel since April 2016, bringing experience from Marine Corps service and roles at Pine River Capital Management and Faegre Baker Daniels. This executive appointment strengthens the leadership team at the privately held diversified portfolio company founded by Carl R. Pohlad in the 1950s.PR NewswirePohlad Companies Announces Promotion of Chase HawkinsPohlad Companies announced the promotion of Chase Hawkins to CEO and President of Carousel Motor Group (CMG), concurrently appointing him Senior Vice President of Retail Operations at the parent company. In this dual role, Hawkins will oversee both CMG and JB Hudson Jewelers, with Nick Pechman, President of JB Hudson Jewelers, reporting to him. Hawkins brings 30 years of global leadership experience in automotive sales, service, marketing, and product planning, having joined CMG in 2016 and previously serving as President and Chief Operating Officer since 2019.PR NewswirePohlad Companies Announces Leadership Changes at Carousel Motor Group and PaR SystemsPohlad Companies announced that Tom Pohlad, currently president and COO of Carousel Motor Group, will become CEO of PaR Systems LLC effective February 4, 2019, succeeding Mark Wrightsman who served in the role for 20 years. Chase Hawkins, previously vice president Porsche brand at Carousel Motor Group, will assume the president and COO position at Carousel Motor Group in addition to his existing Porsche responsibilities. The leadership transition affects two operating companies within the Pohlad Companies portfolio, which acquired PaR Systems in October 2017.