New York City Private-investment firm ICV Capital Partners announced Tuesday that it has acquired independent specialty retail-store operator Marshall Retail Group.
ICV has acquired Marshall once before; in 2003 it bought the company from the Marshall family and later sold it to Bruckmann, Rosser, Sherrill & Co. in 2005.
The Marshall Group, a 70-store specialty retailer of logo, souvenir, sundry and apparel products to resorts and casinos, operates its stores in casino/retail locations under three store formats.
ICV said it believes it can continue the company’s growth through the reacquisition.
Cory D. Mims, a managing director of ICV Capital, said of the acquisition, “The company’s portfolio of brands and formats have enabled it to continue to grow in a highly strategic manner and maximize penetration at highly sought-after resort and casino locations. While it may on the surface appear slightly unusual, we believe that re-acquiring this business with which we are very familiar provides a number of advantages that will allow us to begin immediately building Marshall’s growth trajectory.”
The company is said to be eying opportunities in emerging markets such as the Poconos and the Midwest.