Great Wolf Resorts finishes sale to Apollo

5/11/2012
BLADE STAFF AND NEWS SERVICES

NEW YORK -- Apollo Global Management and Great Wolf Resorts Inc. have announced completion of Apollo's acquisition of Great Wolf, North America's largest group of indoor waterpark resorts.

Apollo waged a bidding war with KSL Capital Partners for the company, eventually winning with an offer of $7.85 a share.

Great Wolf operates 11 indoor water park resorts in North America, including one near Cedar Point in Sandusky and one near Cincinnati.