AcquisitionsApr 15, 2026, 09:37 AM
TMGI Acquires Apache Creek Golf Course for $2.5M
AI Summary
Transglobal Management Group, Inc. (TMGI) entered into agreements to acquire substantially all assets of the Apache Creek Golf Course business for a total purchase price of $2.5 million. The acquisition includes tangible and intangible assets, enabling TMGI to operate the business as a going concern. Ownership transferred upon an initial $200,000 deposit, with remaining payments of $300,000 due by April 30, 2026, and $2,000,000 by June 30, 2026. The agreements include a clause where assets revert to the seller if payment obligations are not met.
Key Highlights
- TMGI acquired substantially all assets of Apache Creek Golf Course.
- Total purchase price for the acquisition is $2,500,000.
- A deposit of $200,000 was previously paid.
- $300,000 is due by April 30, 2026.
- The remaining $2,000,000 is due by June 30, 2026.