Churchill Downs - M&A Summary and Business Overview

LeisureCompany

Churchill Downs M&A Summary

Churchill Downs has acquired 15 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Churchill Downs’ largest acquisition to date was in 2022, when it acquired Peninsula Pacific Entertainment for $2.8B. Churchill Downs has acquired in 10 different US states. The Company’s most targeted sectors include gaming (27%) and internet software and services (20%).

Churchill Downs Business Overview

Where is Churchill Downs headquartered?

Churchill Downs is headquartered in Louisville, Kentucky.

What is Churchill Downs’ revenue?

Churchill Downs disclosed revenue of 2,462M USD for 2023 and 1,810M USD for 2022.

How many employees does Churchill Downs have?

Churchill Downs has 5,660 employees.

What sector is Churchill Downs in?

Churchill Downs is a leisure company.

When was Churchill Downs founded?

Churchill Downs was founded in 1875.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity15
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Churchill Downs

Churchill Downs, Inc.

600 North Hurstbourne Parkway, Suite 400,
Louisville, Kentucky 40222
United States,
(502) 636-4400
www.churchilldownsincorporated.com

Churchill Downs owns and operates the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations and a poker room. Churchill Downs was incorporated in 1875 and is based in Louisville, Kentucky.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 11 - - 4 - - 15
vol $1.4B $3.1B $4.4B
Sell (0.0/yr) # - - - - - - 0
  15

Most Recent M&A

Company Date Value Type
Exacta Systems LLC 2022-12-19 250M USD Add-on Acquisition
Boynton Beach, Florida · www.exactasystems.com
Peninsula Pacific Entertainment LLC 2022-11-01 2.8B USD Add-on Acquisition
LaMotte, Iowa · www.p2e.com
Ellis Entertainment LLC 2022-09-26 79M USD Add-on Acquisition
Henderson, Kentucky · www.ellisparkracing.com
Chasers Poker Room 2022-03-22 - Add-on Acquisition
Salem, New Hampshire · www.chaserspoker.com
Turfway Park 2019-10-03 46M USD Divestiture
Florence, Kentucky · www.turfway.com
Rivers Casino LLC 2018-10-31 - Add-on Acquisition
Des Plaines, Illinois · www.riverscasino.com
Big Fish Games, Inc. 2014-12-16 885M USD Add-on Acquisition
Seattle, Washington · www.bigfishgames.com
Oxford Casino 2013-03-29 160M USD Divestiture
Oxford, Maine · www.oxfordcasino.com
Riverwalk Casino Hotel 2012-10-05 141M USD Add-on Acquisition
Vicksburg, Mississippi · www.riverwalkvicksburg.com
Bluff Media 2012-02-10 - Add-on Acquisition
Atlanta, Georgia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Gaming 4 (27%) 279M (6%) - -
Internet Software and Services 3 (20%) - - -
Leisure 2 (13%) 2.9B (65%) - -
Media 2 (13%) 125M (3%) - -
Business Services 1 (7%) - - -
Digital Media 1 (7%) 885M (20%) - -
Information Technology 1 (7%) 250M (6%) - -
Publishing 1 (7%) - - -
Total 15 $4.4B - -

By Geo

State/Country Buy Value Sell Value
United States 15 4.4B - -
  Kentucky 5 125M - -
  Mississippi 2 279M - -
  Washington 1 885M - -
  Ohio 1 - - -
  New Hampshire 1 - - -
  Maine 1 160M - -
  Iowa 1 2.8B - -
  Illinois 1 - - -
  Georgia 1 - - -
  Florida 1 250M - -
Total 15 $4.4B - -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Macquarie Capital
 1
Legal Deals
Sidley
 3

Deal Values

buy # Total
> $1B 1 $2.8B
$100M to $1B 5 $1.6B
< $100M 2 $125M
TOTAL $4.4B
Largest Peninsula Pacific Entertainment LLC
$2.8B (2022-11-01)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
13%
2 (13%)

Company Summary

SECTOR

Leisure

Revenue

2,462   37% 2023
1,810   14% 2022
1,597   52% 2021
1,054   21% 2020
1,330   32% 2019
1,009   15% 2018
883   33% 2017
1,309   9% 2016
1,212   50% 2015
813   5% 2014
779   7% 2013
731   2012
(millions of USD) Show More Show Less

Employees

5,660

Established

1875

Public

NASDAQ: CHDN

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Churchill Downs

Kentucky Companies , Leisure Companies , United States Companies , Kentucky Leisure Companies , Kentucky Leisure with Acquisitions , Kentucky Leisure with Divestitures

Related Lists for Kentucky Companies

Largest Kentucky Companies , Acquisitive Kentucky Companies , Recently Acquired Kentucky Companies , Recently Sold Kentucky Companies , Private Kentucky Companies , Public Kentucky Companies , Acquired Kentucky Companies , PE Backed Kentucky Companies

Related Lists for Leisure Companies

Largest Leisure Companies , Acquisitive Leisure Companies , Recently Acquired Leisure Companies , Recently Sold Leisure Companies , Private Leisure Companies , Public Leisure Companies , Acquired Leisure Companies , PE Backed Leisure Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal