Cerberus buys Bushkill from Resorts Group

Cerberus Capital Management has acquired Pennsylvania-based Bushkill Group, a vacation property ownership company from Resorts Group Inc. The transaction includes Bushkill's Pocono Mountains resort location. No financial terms were disclosed. As part of the deal, Rick Budd, senior operating executive at Cerberus Operations and Advisory Company LLC, has been appointed president and CEO of Bushkill.

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