Hall of Fame golfer part of group that buys Sarasota toy company

SARASOTA — An investment group led by Sarasota entrepreneurs David Chessler, Eric Baird and retired professional golfer Greg Norman has purchased Laser Pegs Ventures LLC, a Sarasota-based toy company.

The entity acquired all assets and the patent portfolio of Laser Pegs, reorganizing the company under a group called Laser Pegs Investment Holdings, according to a statement. The company will keep its name and its headquarters at 8304 Consumer Court, the statement adds. Terms of the deal were not disclosed.

Chessler and Norman own an investment fund called the Great White Shark Opportunity Fund. Their investments include real estate, golf technology ventures and businesses with less than $25 million in revenue, according to the fund's website. Chessler and Baird, along with Sarasota businessman Jesse Biter, acquired Main Plaza in downtown Sarasota, home of the Hollywood 20 movie theater, for $18.1 million last year.