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Peter M. Holt, CEO of HOLT CAT and Chairman and CEO of Spurs Sports & Entertainment, Named 2014 Vetrepreneur of the Year® By NaVOBA in Partnership with USAA
Pittsburgh (December 4, 2014): The National Veteran-Owned Business Association (NaVOBA), in partnership with USAA, announced Peter M. Holt, CEO of HOLT CAT and Chairman and CEO of Spurs Sports & Entertainment, as the 2014 Vetrepreneur of the Year®, an honor bestowed to only the finest role models the veteran-owned business movement has to offer.
A decorated U.S. Army veteran, Holt served in Vietnam where he earned a Silver Star, three Bronze Stars and the Purple Heart. With determination and perseverance, he has since become the quintessential American business success story as both the CEO of HOLT CAT, the largest Caterpillar dealership in America and one of the five largest worldwide, and as Chairman and CEO of Spurs Sports & Entertainment. Under his watch, the San Antonio Spurs have won five NBA championships, successfully campaigned for a new arena and created two new San Antonio-based sports franchises.
“I’ve always been proud to be a Vietnam veteran and being recognized as the 2014 Vetrepreneur of the Year® by a veterans group like NaVOBA is very meaningful to me, “said Holt.
Holt’s firsthand knowledge of the positive traits that military service ingrains in veterans has led HOLT CAT to aggressively recruit veterans’; currently, more than 17 percent of its 2,700+ employees have military backgrounds. His complete story is featured in the December issue of Vetrepreneur® magazine, available at www.NaVOBA.com. He will be honored December 8, 2014 in Atlanta at a special reception, sponsored by USAA, at the Omni CNN Hotel during the National Veteran Small Business Conference.
“Peter M. Holt personifies what being the Vetrepreneur of the Year® is all about,” NaVOBA President Chris Hale said. “He applied the lessons he learned in the military and grew his business to the point that he was able to own the world champion San Antonio Spurs. NaVOBA is proud to honor such a successful vetrepreneur who gives so much back to his fellow veterans.”
This annual award’s exclusive sponsor is USAA, a 3-Star corporate member of NaVOBA and a national leader in integrating veteran owned businesses into corporate supplier programs. “We congratulate Mr. Peter Holt on this extraordinary accomplishment. One out of every 10 small businesses in America are started by veterans and Mr. Holt is an exceptional role model for all veterans and military spouses who are looking to leverage their unique skills and experiences in a successful small business,” said Craig Hopkins, senior vice president, Global Services Delivery for USAA.
The Vetrepreneur of the Year® exemplifies the qualities and attributes crucial to leading a flourishing business, to developing marked and sustained business growth, and in cultivating veteran entrepreneurship. The notion that military training is world-class preparation for running a business is reinforced by the fact that veterans are at least 45 percent more likely to be self-employed than non-veterans, according to Census data.
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About NaVOBA – The National Veteran Owned Business Association
NaVOBA unites the nation’s more than 3-million businesses owned by military veterans by providing a single voice to advocate for important issues. For more information, visit us on the web at www.navoba.com.
About HOLT CAT
HOLT CAT is the distributor for Caterpillar machines and engines in 118 counties in Texas. With the largest heavy equipment rental fleet in Texas and more than 20 full-service locations, HOLT CAT provides unequaled support for its customers. Primary customer markets include the construction, quarry and aggregates, agriculture, mining and petroleum industries. For more information, visit www.holtcat.com.
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BP Media Relations for NaVOBA