Bucks expand roster of local investors

The Milwaukee Bucks’ principal owners, Marc Lasry, Wes Edens and Jamie Dinan, are building a roster of local investors that is beginning to read like a “who’s who” of the Milwaukee business community.

The new members of the ownership team include ManpowerGroup executive chairman Jeffrey Joerres, HUSCO International founder Agustin Ramirez and current chief executive officer Austin Ramirez and Marc and Adam Stern, who are minority owners of the Milwaukee Brewers.

The new local owners will join others who have agreed to invest in the team, including: Michael Barber, chief operating officer of GE Healthcare; Valerie Daniels-Carter, CEO of V&J Holding Companies; Virgis Colbert, former executive vice president of worldwide operations of Miller Brewing Co.; Giacomo Fallucca, CEO of Palermo’s Pizza; Jon Hammes, managing partner of the Hammes Co.; Charles Harvey, chief diversity officer and president of the Johnson Controls Foundation;  Jim Kacmarcik, president of Kapco Inc.;  Craig Karmazin, owner of Good Karma Brands; Gale Klappa, CEO of Wisconsin Energy Corp.; Mike Kocourek, president of Mid Oak Investments; Keith Mardak, chairman of Hal Leonard Corp; Ted Kellner, president of Fiduciary Management; Cory Nettles, founder and managing director of Generation Growth Capital; Teddy Werner, vice present of business development for the Milwaukee Brewers; and others.

All of the minority owners have been approved by the NBA.

Bucks president Peter Feigin said the Bucks owners believe a new arena could “spur” $1 billion in new real estate development in downtown Milwaukee.

“We want to change Wisconsin. We want to change Milwaukee…We want the Bucks to be the catalyst of that,” Feigin said. “We’re going to embrace the community. We got this.”

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