Wirtz Corporation

{{Short description|United States holding company}}

{{moresources|date=August 2023}}

{{Infobox company

| name = Wirtz Corporation

| logo = Wirtz corp logo.png

| type = Private

| key people = Danny Wirtz

| industry =

| products =

| revenue =

| owner =

| num_employees =

| foundation = United States ({{start date|1926}})

| location_city = Chicago, Illinois U.S.

| homepage = {{url|wirtzcorp.com}}

}}

Wirtz Corporation is an American holding company headquartered in Chicago. It was founded in 1926 by Arthur Wirtz as a family-owned corporation in charge of his real estate holdings.{{cite web|url=http://www.wirtzcorp.com/about.html|title=About us|work=wirtzcorp.com|access-date=20 July 2016}} The company soon expanded into liquor distribution.{{cite encyclopedia|url=http://www.encyclopedia.chicagohistory.org/pages/2908.html|title=Wirtz Corp.|last=Wilson|first=Mark|year=2004|encyclopedia=Encyclopedia of Chicago|access-date=20 July 2016}} It grew significantly throughout the 20th century by purchasing many competing liquor distributors, as well as the Chicago Blackhawks NHL team (becoming full owners in 1966), and the Chicago Bulls NBA team in 1972 (Wirtz Corporation sold the Bulls to Jerry Reinsdorf in 1985).{{cite web|url=http://www.businessweek.com/archives/1992/b327051.arc.htm|archive-url=https://archive.today/20130102060822/http://www.businessweek.com/archives/1992/b327051.arc.htm|url-status=dead|archive-date=January 2, 2013|title=THE TOUGHEST #&?!%* IN SPORTS|access-date=2008-10-07|date=1992-06-15|work=BusinessWeek}} It is part owner of the United Center arena{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=939641|title=Company Overview of Wirtz Corporation|work=Bloomberg.com|access-date=20 July 2016}} in addition to owning banking and insurance interests.{{cite web|url=http://www.chicagobusiness.com/article/20120414/ISSUE01/304149972/rockys-road-to-the-top|title=Rocky's road to the top|last=MacArthur|first=Kate|date=April 14, 2012|work=Crain's Chicago Business|access-date=20 July 2016}}

After founder Arthur Wirtz's death in 1983, his son, William, took control of the corporation and ran it until his death in 2007. The company's next owner and CEO, (William's son) Rocky died in 2023 and was succeeded by his son Danny Wirtz.

Subsidiaries

A partial list of subsidiaries of Wirtz Corporation:{{cite web|url=http://www.wirtzcorp.com/|title=Homepage|work=wirtzcorp.com|access-date=20 July 2016}}

{{div col}}

  • Banner Collective
  • Benefit Services Group, Inc.
  • Chicago Blackhawks
  • Rockford IceHogs
  • Chicago Steel
  • First National Bank of South Miami
  • First Security Trust and Savings Bank
  • Ivanhoe Nursery
  • United Center, ownership is shared with Jerry Reinsdorf)
  • Breakthru Beverage Group (formerly known as Judge & Dolph until 2009; Wirtz Beverage Group then was the owner until the 2016 merger with Charmer Sunbelt){{cite news|url=http://articles.chicagotribune.com/2009-03-10/news/0903090422_1_judge-dolph-liquor-four-other-states|archive-url=https://web.archive.org/web/20150228065037/http://articles.chicagotribune.com/2009-03-10/news/0903090422_1_judge-dolph-liquor-four-other-states|url-status=dead|archive-date=February 28, 2015|title=Wirtz group to end Judge & Dolph name for liquor distribution business|date=March 10, 2009|work=Chicago Tribune|access-date=20 July 2016}}
  • Wirtz Insurance Agency
  • Wirtz Realty

{{Div col end}}

References