Phil Bakes – Director
Phil Bakes is president of Snapper Creek Equity Management, LLC a private equity and advisory firm. Mr. Bakes previously served as the Managing Director of Snapper Creek’s parent company, BFC Financial Corporation, responsible for business development and major financings.
Prior to BFC, Mr. Bakes served as president of a boutique advisory and merchant banking firm he founded with offices in Miami and New York, with a wide spectrum of engagements ranging from Fortune 100 companies to lower-middle market private operating businesses. During that time, Bakes co-founded and led until its sale, a travel industry company which by its third year of operations had grown primarily through numerous acquisitions to one of the nation’s largest value-added leisure travel providers with offices throughout the United States and overseas, providing a wide variety of travel packages to over 90 countries.
In the 1980s Bakes served as a top executive in the airline industry, including president/CEO of Continental Airlines and Eastern Airlines, where he helped engineer a major turnaround and reorganization, as well as participated in numerous acquisitions, mergers and divestitures during the airline industry’s decade of post-deregulation adjustment and consolidation. Mr. Bakes served in the public sector in Washington, D.C. for a time including as a Watergate Special Prosecutor and a principal architect of the Airline Deregulation Act in 1978.
Bakes graduated from Chicago’s Loyola University and received a law degree from Harvard Law School In 2001, he was awarded the Ernst & Young Entrepreneur of the Year Award and The Association of Travel Marketing Executives (ATME) honored Bakes in May 2000 with their celebrated Atlas Award for Lifetime Achievement.