Brentwood Associates, a consumer-focused private equity investment firm, has acquired Marshall Retail Group, headquartered in Las Vegas, Nevada.
Marshall Retail Group is a specialty retailer for high-foot-traffic marketplaces with locations in major casino-hotels and airports across the US. The company is led by chief executive officer Michael C Wilkins, who will continue to lead the business going forward.
Founded in 1955, Marshall Retail Group operates 155 retail locations across 10 states and Washington DC.
Wilkins says: “Brentwood is an important strategic partner that truly understands our business. We are eager to call on their expertise in retail and consumer brands as we continue our expansion into new channels.
“At Marshall Retail Group, we’ve always focused on supporting and developing our people, enabling us to provide a high-quality experience for our customers. As we celebrate our 60th anniversary this coming year, we are pleased to have found a partner that shares our passion for team building and supports our continued growth.”
Steve Moore, partner at Brentwood Associates, adds: “Marshall Retail Group has assembled a truly best-in-class management team who have generated growth and created a corporate culture that ensures future success. We look forward to working closely with Michael and his leadership team to build on their impressive track record.”
Marshall Retail Group was advised by North Point Advisors and Nomura Securities, and its legal counsel was Kirkland & Ellis. Brentwood was represented by Greenburg Traurig in conjunction with the transaction and Latham & Watkins on the debt financing. Golub Capital was the lead arranger on the debt financing supporting the acquisition.
