Music & Games

HIG Capital acquires Family Entertainment Group

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July 21, 2022

H.I.G. Capital, an investment firm with $50 billion of equity capital under management, has acquired Family Entertainment Group Holdings LLC for an undisclosed sum, according to a press release.

FEG, based in Itasca, Illinois, provides turnkey outsourced facility management services of arcade operations on behalf of resorts, hotels, casinos and amusement parks.

H.I.G. is partnering with George Smith, founder and CEO, as well as the current management team, to provide support and resources to take advantage of the company's growth initiatives.