Rock Ventures Explained

ROCK
Type:Private holding company
Foundation:1985
Founder:Dan Gilbert
Key People:Dan Gilbert, Founder and Chairman
Location City:Detroit, Michigan
Location Country:United States
Revenue: $6.7 billion (2019)[1]
Num Employees:Over 30,000 (2019)
Subsid:Amrock, Jack Entertainment, Rocket Companies Inc., Bedrock
Owner:Dan Gilbert

Rock Ventures LLC was the holding company for businessman Dan Gilbert's portfolio of companies, investments, and real estate. It was based in Detroit, Michigan and engaged in community development in both Detroit and Cleveland, Ohio.[2] Its over 110 affiliated companies included the Cleveland Cavaliers, Hollywood Casino at Greektown, and Rocket Mortgage.

In 2023 Rock Ventures became ROCK, the Family Office for the Gilberts.[3]

History

Rock Ventures was founded by Dan Gilbert in 1985.[4] [5] [6]

Companies

Rock Ventures was the parent company of more than 110 companies.[2] ROCK is the rebranded company that took the place of Rock Ventures. ROCK is the office that connects the Family of Companies to the For More Than Profit philosophy created by Dan Gilbert [7]

Financial services

Especially under the subsidiary holding company, Rock Holdings Inc., Rock Ventures, LLC owns a number of complementary financial service companies, including:[8]

Gaming

Developed under Jack Entertainment, Rock Ventures holds ownership stake in number of gaming ventures, including:[9] [10]

Investment

Rock Ventures has invested in a number of companies, primarily in Detroit and Cleveland areas, including:[11] [12]

Real estate

Rock Ventures owns a number of real estate investment, development, and service companies, including:[13]

Sports

Rock Ventures owns, or is the majority owner of, a number of sports companies, including:[16] [17]

Technology

Rock Ventures is an owner of a number of technology companies, including:[19]

Real estate properties

Rock Ventures is an owner of over 75 real estate properties, primarily in Detroit, including:[20] [21] [22]

Community development

Rock Ventures is engaged in community development, philanthropy, and government relations in both Detroit, Michigan and Cleveland, Ohio.[23]

Notes and References

  1. Web site: Rock Ventures. Forbes.
  2. Web site: About Us . Rock Ventures . rockventures.com . 2015-09-01 .
  3. name="ROCK">Web site: Rock Family Office . ROCK . rock.com . 2024-08-07.
  4. News: Dan Gilbert To Make The Case For Detroit At Disrupt SF . Burns . Matt . TechCrunch . August 26, 2014 . 2015-09-01 .
  5. News: Change quickens: Gilbert's downtown plan. Kirk. Pinho. Dustin. Walsh. 31 March 2013. Crain's Detroit Business. 2015-09-01.
  6. Web site: Rock Ventures Company Overview & News . 2024-07-25 . Forbes . en.
  7. Web site: Our Impact . ROCK . rock.com . 2024-08-07.
  8. Web site: Financial Services . Rock Ventures . rockventures.com . 2015-09-01 .
  9. Web site: Gaming . Rock Ventures . rockventures.com . 2015-09-01 . 2016-03-04 . https://web.archive.org/web/20160304093434/http://www.rockventures.com/gaming/ . dead .
  10. News: Greektown Casino-Hotel to be renamed Jack Detroit Casino-Hotel Greektown . Bill Shea and Kirk Pinho . Crain's Detroit Business . February 23, 2016 . February 26, 2016 .
  11. Web site: Investment . Rock Ventures . rockventures.com . 2015-09-01 .
  12. Web site: Other . Rock Ventures . rockventures.com . 2015-09-01 .
  13. Web site: Real Estate . Rock Ventures . rockventures.com . 2015-09-01 .
  14. News: Dan Gilbert to buy Detroit's abandoned Book Tower . Austin, Dan . Detroit Free Press . 28 August 2015 . 2015-09-01 .
  15. News: Rocket Fiber's launch includes a second stage . Henderson, Tom . Crain's Detroit Business . March 1, 2015 . 2015-09-01 .
  16. Web site: Sports . Rock Ventures . rockventures.com . 2015-09-01 .
  17. News: How Cleveland Cavaliers owner Dan Gilbert made his fortune . Larimer, Sarah . Washington Post . July 14, 2014 . 2015-09-01 .
  18. News: Dan Gilbert moves football helmet maker to Detroit from Massachusetts . Shea, Bill . Crain's Cleveland Business . April 27, 2015 . 2015-09-01 .
  19. Web site: Technology . Rock Ventures . rockventures.com . 2015-09-01 .
  20. Web site: Properties . Rock Ventures . rockventures.com . 2015-09-01 .
  21. News: Dan Gilbert and Rock Ventures own or control more than 30 properties Downtown . Sorge, Marge . blog.thedetroithub.com . July 17, 2013 . Detroit Unspun . 2015-09-01 .
  22. News: For The First Time: All The Facts And Figures On Dan Gilbert's Investment In Detroit . McGraw, Bill . deadlinedetroit.com . July 15, 2013 . 2015-09-01 .
  23. Web site: City Initiatives . Rock Ventures . rockventures.com . 2015-09-01 .

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