An affiliate of alternative investment firm HIG Capital (HIG)m has completed the acquisition of Family Entertainment Group Holdings.
Founded in 2004 and headquartered in Itasca, Illinois, Family Entertainment Group is an industry leading designer, developer, and operator of amusement facilities. The Company provides turnkey outsourced facility management services of arcade operations on behalf of resorts, hotels, casinos, and amusement parks. Through its market leading position and industry expertise, Family Entertainment Group enhances customer experience and maximizes revenue on behalf of its facility partners. Additionally, the Company owns and operates standalone family entertainment centers under the In The Game, Max Action, and Bonkers brands. Family Entertainment Group operates nearly 60 state-of-the-art locations throughout the U.S.
HIG is partnering with George Smith, Founder and Chief Executive Officer, as well as the current management team, to provide support and resources to take advantage of the Company’s significant strategic growth initiatives across a large and rapidly growing end market.