One city mainstay is shutting down and cutting more than 100 Las Vegas jobs.
Trevi Architectural is closing its doors later this week and firing the majority of its 147 employees.
The company’s clients include some of the biggest names on the Las Vegas strip, including Wynn Las Vegas, Wynn Macau, The Venetian and Caesar’s Palace. The company makes custom fountains, statuary, sculptures, columns and moldings.
According to an article in the Las Vegas Review-Journal, Scott Acton, who founded the company, said a combination of factors has led to the closing, including a series of unpaid bills and a decision by the company’s new owners not to put any more money into the business. Acton was named Nevada small-businessperson of the year by the Small Business Administration in 2005.
“Beyond dealing with big resorts, the company also sold fountains, planters and statuary to homeowners through retail stores,” the article notes. “Trevi also worked with Roger Thomas, longtime designer for Steve Wynn, to produce a home collection.”
Private-equity firm Ampersand Ventures bought Trevi Manufacturing on Sept. 17, changing the name to Trevi Architectural.“They changed the business quite a bit,” Acton said in the article, noting the firm closed the fountain division soon after the acquisition. “They put some different management in place that wasn’t familiar with Las Vegas and how it works.”
That being said, the company did double its sales volume since the transaction, but a few vendors refused to pay outstanding bills. A pair of lawsuits have been filed since May by Trevi in Clark County District Court claiming unpaid bills totaling nearly $108,000.
“Acton’s work is part of the backdrop of high-end Las Vegas: from the three-tiered fountain in front of The Venetian, to the pirate ships at Treasure Island to the subtle touch of cove moldings behind light fixtures at Caesars Palace,” the article adds. “Acton said he is not sure what he will do next, but he is thinking about restarting the business. He learned the business from his father, who in turn learned it from Acton’s grandfather who had worked in Hollywood.”
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