LEXINGTON, Ky.–(BUSINESS WIRE)–5 Star Parks & Sights, a number one operator of household leisure facilities (FECs), introduced at present the acquisition of Scene75 Leisure, a world award-winning model of leisure facilities with 4 places in Ohio: Cincinnati, Cleveland, Columbus, and Dayton; and one in Chicagoland: Romeoville, Illinois.
With this acquisition, 5 Star Parks & Sights expands its portfolio to 25 FECs in 12 states. Scene75’s choices will complement 5 Star Parks’ current portfolio and additional strengthen the corporate’s place as a pacesetter within the household leisure business. This acquisition marks the primary strategic acquisition since 5 Star Parks was acquired by Courtroom Sq. Capital Companions in March.
“We’re happy to deliver collectively 5 Star’s distinctive platform for worth creation with the acknowledged innovation and award-winning excellence of Scene75,” stated Joseph Silvestri, Co-Founder and Managing Accomplice at Courtroom Sq..
“We’re thrilled to welcome Scene75 to the rising 5 Star Parks household,” stated John Dunlap, CEO of 5 Star Parks & Sights. “We’ve been so impressed with Scene75’s big high-quality leisure facilities, and we’re excited to proceed to innovate and construct the model with their gifted staff.”
Scene75 has been acknowledged with quite a few business awards and accolades, together with twice being named the #1 household leisure middle in North America by the Worldwide Affiliation of Amusement Parks and Sights. The corporate’s 5 places characteristic a wide range of thrilling sights, together with electrical go-karts, blacklight mini golf, two-story laser tag, arcade, bar, 4D simulators, mini-bowling, and personal occasion area.
“It’s an thrilling alternative for Scene75 to affix forces with 5 Star Parks & Sights,” stated Jonah Sandler, CFA, Founding father of Scene75. “We’re pleased with the experiences we now have created for our visitors through the years and imagine Scene75 has a vivid way forward for innovation and development as a part of 5 Star Parks.
The acquisition of Scene75 marks the most recent in a sequence of strategic acquisitions for 5 Star Parks & Sights, which has been quickly increasing its footprint within the household leisure business. 5 Star Parks has a powerful dedication to offering secure, clear, enjoyable experiences, and the addition of Scene75 is a perfect match.
The 5 Star Parks & Sights portfolio contains the Observe Household Enjoyable Parks, Journey Ziplines, and Xtreme Racing in Branson, Missouri; LazerPort Enjoyable Middle, SpeedZone, and Xtreme Racing in Pigeon Forge, Tennessee; Celebration Station with places in Florida, Louisiana, North Carolina, Oklahoma, and Texas; Craig’s Cruisers with three places in Michigan; and Malibu Jack’s indoor theme parks with places in Indiana and Kentucky.
“We proceed to be excited so as to add worth to 5 Star supporting M&A actions. We’ve identified Jonah and his staff for almost two years, and we’re excited Scene75 is becoming a member of John and the 5 Star staff,” stated Jay Coughlon, co-founder and Managing Accomplice of Fruition Companions.
Solomon Companions served as monetary advisor and Katz Teller as authorized counsel to Scene75. Honigman LLP served as authorized counsel to 5 Star Parks & Sights.
About Scene75
Scene75 is a world award-winning model of leisure facilities with 5 places throughout the Midwest. Scene75 supplies modern, high-quality leisure experiences for households, providing all kinds of sights, together with indoor go-karts, mini-golf, laser tag, rides, arcade video games, and extra. Scene75 has been acknowledged with quite a few business awards and accolades, together with being named the #1 household leisure middle in North America by the Worldwide Affiliation of Amusement Parks and Sights.
About 5 Star Parks & Sights
5 Star Parks & Sights is a developer and operator of main household leisure facilities (FECs), instituting constructive modifications geared toward creating superior leisure experiences for households. 5 Star Parks facilities profit from the eagerness and experience of leaders who’ve spent their careers within the amusement and hospitality industries, and from the monetary backing essential to create improved visitor experiences and long-term success. As a part of its ongoing development technique, 5 Star is fascinated with listening to from current FECs that could be fascinated with becoming a member of the staff and studying concerning the group’s future plans.