February 2, 2005 – “As entrepreneurs, we are involved in a wide variety of businesses. Bryant Park has made the effort to familiarize themselves with our interests and, on their own, they have brought us many strategic opportunities. Introducing us to RCG on their own initiative is another example of the type of outstanding value-added service we have received from Bryant Park.”
Will Goldstein, Chairman, 1-800-CheapSeats
RCG Companies Incorporated (AMEX: RCG – News), one of the largest leisure-travel tour operators in the United States, announced today that it has completed its acquisition of 100% of the outstanding shares of stock of Farequest Holdings, Inc., which owns and operates one of the leading online travel companies, 1-800-CHEAPSEATS. The acquisition transforms RCG, which owns SunTrips®, from a predominantly offline tour operator into a full-service online and offline travel company.
Bryant Park Capital was the exclusive financial advisor to Farequest Holdings, Inc. in connection with this transaction.