Cineplex Buys Florida's SAW In Latest U.S. Amusement And Vending Acquisition

Posted On: 12/2/2016

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TAGS: Cineplex Entertainment LP, SAW LLC, SAW acquisition, Player One Amusement Group, Cineplex Starburst, amusement machine business, arcade games, coin-op games, Tricorp Amusements, Ellis Jacob, Tres Sprinkle

TORONTO -- Cineplex Entertainment LP has announced that it is acquiring SAW LLC of Pensacola, FL. The transaction will add SAW to Cineplex's Player One Amusement Group. It will be financed with cash on hand and existing credit facilities. Financial terms of the deal, expected to close in December, were not disclosed.

Player One is the former Cineplex Starburst, a wholly owned and operated subsidiary of Cineplex Inc. It was established in early November to unite the parent company's four amusement divisions: Cineplex Starburst, Brady Starburst LLC, Premier Amusements and Tricorp Amusements. | SEE STORY

SAW, founded in 1974 as Sunshine Cos., is a provider of coin-operated rides, amusement and redemption games, and bulk-vending machines to hundreds of big box retailers, shopping centers and restaurant locations. The company specializes in amusement sourcing, servicing and operations across 13 states in the Southeast.

"We just finalized the acquisition of Tricorp Amusements Inc. last month, and the SAW announcement is further evidence of our strategy to strengthen our operational infrastructure in the U.S.," said Cineplex president and chief executive Ellis Jacob. "SAW's expertise adds to our product and services offering and with its established client-base, we know this acquisition will open the door to opportunities for continued growth in the future."

Tres Sprinkle, chief operating officer and shareholder of the Pensacola operation, observed that Cineplex is creating a new entertainment paradigm in North America. "The cross-utilization opportunities between our two companies are such that by working together, we become a stronger business that is better positioned for expansion across North America," he said.