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Article: Gold's Gym International to Be Acquired by TRT Holdings; Brockway Moran & Partners Signs Definitive Agreement to Sell Most Recognized Name in Fitness.
- Article from:
- PR Newswire
- Article date:
- June 14, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VENICE, Calif., June 14 /PRNewswire/ -- Brockway Moran & Partners, Inc. a Florida-based private equity firm, announced today that it has signed a definitive agreement to sell Gold's Gym International, Inc. ("Gold's Gym") to a group led by TRT Holdings, Inc. ("TRT"), a privately-owned, diversified holding company whose assets include the Omni Hotel chain. The transaction is expected to close in late July 2004. Gold's Gym was advised by UBS Securities LLC and Harris Williams & Co. Terms of the transaction were not disclosed.
"Brockway Moran & Partners has been an outstanding partner over the past five years, and Gold's Gym has prospered under their ownership." ...
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