Skechers U.S.A., Inc. is now a private company.

On Friday, the Fortune 500 company and the third largest footwear company in the world announced the completion of the go-private acquisition by 3G Capital.

In May, Skechers announced a $9 billion go-private deal with Brazilian private-equity firm 3G Capital — the biggest shoe buyout in history.

The deal structure has one election at $63 a share and the other at $57 a share in cash and one unlisted, non-transferable equity unit in a newly formed entity that will become the parent of Skechers upon the closing of the transaction.

The blockbuster move is a reflection of the business prowess of Robert and Michael Greenberg , the father-son duo that has taken the company from family start-up to global powerhouse during the past three de

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