RCI Hospitality Acquires Platinum West Gentlemen's Club

RCI Hospitality Holdings Acquires Platinum Plus Gentlemen's Club (Allentown, PA)

June 16, 2025

Restaurants & Hospitality

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) closed the acquisition of Platinum Plus Gentlemen's Club in Allentown, Pennsylvania for $2.0 million ( $1.5M cash and $0.5M seller financing). The 15,000-square-foot club will operate under RCI's nightclub portfolio and expand the company's presence in the Northeastern U.S.; executive management from the acquired club will remain in place.

RCI Hospitality Holdings Acquires Flight Club (Inkster, MI)

January 22, 2025

Restaurants & Hospitality

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has closed the acquisition of Flight Club, a two-story, 10,000-square-foot gentlemen's club in Inkster (Metro Detroit). The purchase totaled $11.0 million (including $3.0M cash + $5.0M seller financing for the club and $3.0M cash for real estate); RCI expects the club to contribute roughly $2.0 million in annualized adjusted EBITDA and to benefit from RCI's marketing, purchasing and systems capabilities.

KSL Capital Partners Acquires The Westin Hilton Head Island Resort & Spa

September 25, 2025

Real Estate

KSL Capital Partners affiliates, via its Tactical Opportunities Fund, acquired The Westin Hilton Head Island Resort & Spa; terms were not disclosed. The oceanfront resort on Hilton Head Island features roughly 420 refreshed rooms, extensive event space and wellness amenities — the deal expands KSL’s travel & leisure portfolio with a high-quality beachfront asset in the Southeast United States.

Platinum Realty / United Real Estate Integrate SunWest Real Estate Advisors in Kansas City

December 17, 2024

Real Estate

Platinum Realty announced that SunWest Real Estate Advisors has joined its Kansas City operations, bringing SunWest’s luxury portfolio and agents into Platinum’s Midwest platform and national partner, United Real Estate. The deal expands Platinum’s luxury offerings and market presence in the Kansas City / Midwest region while giving SunWest agents access to United’s technology, benefits and national referral network.

Platinum Equity Acquires Leaders Romans Group

January 24, 2022

Real Estate

Platinum Equity has signed a definitive agreement to acquire Leaders Romans Group (LRG), one of the UK’s largest residential property services groups, from Bowmark Capital. LRG operates a nationwide network of ~210 branches, manages over 62,000 properties and has grown to roughly 2,500 employees and ~£165 million revenue under Bowmark; Platinum plans to back the business as a platform for further M&A and digital transformation.

CI Financial Acquires Majority Interest in RGT Wealth Advisors

November 24, 2020

Wealth Management

CI Financial Corp. will acquire a majority ownership stake in RGT Wealth Advisors, a Dallas-based registered investment advisor with approximately US$4.7 billion in client assets, in a deal to be paid in cash and CI shares. The transaction, expected to close in Q4 2020 subject to regulatory and stock exchange approvals, expands CI's U.S. wealth footprint (bringing U.S. wealth assets to ~US$21 billion) while RGT principals will retain a meaningful ownership stake.