RCI Hospitality buys adult nightclubs in $88M deal, largest in its history

“This is exactly the type of acquisition we want,” Eric Langan, RCI’s president and CEO, said in a statement. “All the clubs are well-established and proven cash generators. Troy and his team should be recognized for their accomplishment. We believe the quality of the clubs’ licenses and locations, and our ability to acquire all 11 in one transaction, make this acquisition worthy of a premium in line with our capital allocation strategy.”