Tri-Capital Ventures is headed up by Mark Gunderson, founder of the Arlington, TX-based Alien Golf, which has been renamed this year to Alien Sport. The remaining 19 specialty stores will be acquired by California-based New Golf Holding Co., owned by Richard Oldenburg, founder of Orlimar Golf.

There are four mores stores in the US and 11 in Canada that will be sold as part of a Chapter 11 reorganization, James Harder of BSMG Worldwide, told GlobeSt.com. The holiday week had inhibited getting additional information on the Nevada Bob bankruptcy and Tri-Capital takeover plans. Tri-Capital is acquiring eight stores in California, two in Kentucky and seven in Washington.

The transactions are being handled by The Ozer Group of Needham, MA, which has been retained as a restructuring consultant and agent for disposition of Nevada Bob stores. The purchasers have secured the right to use the world-famous Nevada Bob name as part of the buyouts. "There is still quite a bit of work to do. However, we are satisfied that these transactions will help position the company for emergence from bankruptcy as a franchiser and not a store operator" says David Peress, The Ozer Group's managing director and general counsel.