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ICV confirms its second sale of Marshall Retail Group in less than a decade

26 Aug 2014

MRG200x200EssentialsLower-mid-market-focused private equity firm ICV Partners has confirmed its sale of casino resort retail store business Marshall Retail Group to Brentwood Associates.

The company operates more than 150 stores in major casino-resort hotels and airports across the US.

ICV reacquired Marshall in 2008 during the economic downturn and uncertainty about the Las Vegas casino market, three years after it had sold the business.

Managing director Cory Mims said, “When presented with the opportunity to re-acquire MRG we were extremely comfortable backing Michael Wilkins as CEO and the same management team we knew well from our previous investment.

“During our ownership we worked with them as the company continued to penetrate the core casino market resulting in record year over year store growth.

“In addition, MRG diversified into the airport retail sector which generated significant additional growth.”

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