in a large number of transactions
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FORT LAUDERDALE, Fla. (January 30, 2014) -- Farlie Turner & Co., a Fort Lauderdale, Florida-based investment bank, announced today that its Special Situations Group has completed the going concern sale of Edwin Watts Golf Shops, LLC and its affiliates (“Edwin Watts”) to an affiliate of Worldwide Golf Shops and Hilco Merchant Resources (“GWNE/Hilco”), under Section 363 of the U.S. Bankruptcy Code.
Headquartered in Fort Walton Beach, Florida, Edwin Watts is one of the world's premier specialty golf retailers with approximately 90 locations. Founded in 1968, the company operates as an integrated, multi-channel retailer, offering brand name golf equipment, apparel and accessories.
On December 3, 2013, Farlie Turner, in conjunction with the company’s other professionals, facilitated an auction for substantially all of Edwin Watts’ assets under Section 363 of the Bankruptcy Code. The sale of Edwin Watts to GWNE/Hilco was approved on December 5, 2013 in the U.S. Bankruptcy Court for the District of Delaware, just 31 days after the company filed Chapter 11. “With an established history and strong Edwin Watts brand name, our team was able to facilitate a competitive auction that maximized value for all constituents” said Steve Zuckerman, Managing Director of Farlie Turner & Co.
About Farlie Turner's Special Situations Group
Farlie Turner's Special Situations Group specializes in representing underperforming and financially distressed companies. This Group complements Farlie Turner & Co.'s traditional investment banking practice, which focuses on serving growth-oriented middle market companies with enterprise values typically between $30 million and $300 million. Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with the FINRA, provide merger and acquisition, private placement, and financial advisory services. Please visit www.farlieturner.com for more information.
About Edwin Watts Golf Shops
Edwin Watts Golf Shops, LLC, headquartered in Fort Walton Beach, Florida is one of the world's premier specialty golf retailers. The company operates as an integrated, multi-channel retailer, offering the freshest assortment of brand name golf equipment, apparel, and accessories through its 90+ domestic Retail Locations, eCommerce Internet site www.edwinwattsgolf.com, Telephone/Catalog/Direct Mail sales (1.800.874.0146) and Digital Catalog www.edwinwattsgolf.com/catalogs. Edwin Watts Golf touts a team of highly experienced and knowledgeable sales associates who can assist customers of all skill levels with lessons, performance fitting, special orders and repair services. The combination of the highest level of customer service, price match guarantee and reputation as the most trusted retailer in golf for over 42 years has earned the organization the right to be known as America's Golf Club.