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Texas-Based Tri-Capital Ventures Acquires 17 Golf Retail Stores in Chapter 11 Restructuring

FT. WORTH-Seventeen of 36 Nevada Bob's retail stores are being bought by Texas-based Tri-Capital Ventures. The disposition comes as a result of a Chapter 11 restructuring of the world-famous chain, based in Calgary, Alberta.

By Connie Gore | Updated on November 24, 2000

FT. WORTH-The Ft. Worth bankruptcy court has approved the sale of 36 Nevada Bob’s specialty golf stores, 17 of which are being bought by Texas-based Tri-Capital Ventures.

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.

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