NEW YORK, March 11, 2005 – Bruckmann, Rosser, Sherrill & Co. (“BRS”) announced today the completion of the acquisition of The Marshall Retail Group, LLC (“Marshall Retail Group”) . The Marshall Retail Group management team also participated in the transaction. The Marshall Retail Group is the leading specialty retailer of logo, souvenir, sundry and apparel products to the resort and casino marketplace. The Company operates 53 stores in the Las Vegas, NV (42 locations) and Atlantic City, NJ (11 locations) markets under three distinct store formats; logo souvenir / sundry stores (29 locations), apparel and accessories stores (18 locations) and Harley Davidson licensed apparel stores (6 locations). In addition, the Company has signed leases to open a further eight properties, presently scheduled to open over the next year. Marshall Retail Group’s stores are spread across 23 different casino / retail locations including some of the most prestigious names in the industry, such as Caesar’s Palace, MGM Grand and the Venetian in Las Vegas, and the Borgata in Atlantic City.
BRS is a New York based private equity investment firm with approximately $1.2 billion under management. BRS was founded in 1995 and has since invested in 25 companies in the following industries: restaurants, consumer goods, specialty retail, recreation/leisure, apparel, home furnishings, industrial and commercial services, commercial equipment manufacturing, wholesale distribution and healthcare services. BRS makes leveraged buyout, recapitalization and growth capital investments in companies with superior management, predictable cash flow, strong market share and growth potential. All management teams of BRS companies are equity investors in their businesses.