NEW YORK, September 12, 2008 – Bruckmann, Rosser, Sherrill & Co. (“BRS”) today announced the completion of the sale of portfolio company The Marshall Retail Group LLC (“MRG”) to ICV Capital Partners. North Point Advisors served as financial advisors to MRG on 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 more than 70 specialty stores in the Las Vegas, Atlantic City, Fort Lauderdale, Pennsylvania, and Tunica, Mississippi markets under three distinct store formats; logo souvenir/sundry stores, apparel and accessories stores and Harley Davidson licensed apparel stores. Marshall Retail Group’s stores are spread across over 25 different casino/retail locations including some of the most prestigious names in the industry, such as Caesars Palace, MGM Grand, the Venetian in Las Vegas, and the Borgata in Atlantic City.
BRS, founded in 1995 and headquartered in New York, specializes in management buyouts and recapitalizations of high quality, middle market companies with strong market positions and/or growth potential. BRS currently manages approximately $1.4 billion of committed capital in two institutional private equity funds. The principals of BRS have worked together since the mid-1980s (originally at Citicorp Venture Capital) and have collectively invested in over 60 companies with a total value in excess of $12.6 billion. BRS currently has investments focused predominantly in the consumer products and services areas. For more information, visit www.brs.com.