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Centerbridge Partners acquires Great Wolf Resorts

Private investment firm Centerbridge Partners has completed the acquisition of Great Wolf Resorts from funds managed by affiliates of Apollo Global Management. The acquisition was announced in March 2015.

"This marks an exciting new chapter for Great Wolf Resorts," says Kimberly K Schaefer, Chief Executive Officer of the Company.  "All of us are very excited about partnering with Centerbridge and what this means for our next phase of growth, as well as the benefits it offers to our employees and our guests.  Centerbridge's proven investment track record and access to capital will facilitate our continued expansion as a premier family vacation brand.  With the help of our dedicated team, we will continue to offer our guests the superior experience that they have come to expect from a Great Wolf Lodge. We also want to thank Apollo Global Management for their strong support and contributions to Great Wolf's success during the past three years."

William D Rahm, Senior Managing Director of Centerbridge, says: "We are very excited to have completed the acquisition of Great Wolf and we look forward to supporting Kim Schaefer and her talented management team in further strengthening the Great Wolf brand and expanding the Company into new markets.  We feel very fortunate to have the opportunity to continue the Company's commitment to provide the very best in family destination resorts."

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