M&A Deal Summary

Broad Sky Partners, The Edgewater Funds and The Carlyle Group Acquire Boomers Parks

On September 18, 2014, private equity firms Broad Sky Partners, The Edgewater Funds and The Carlyle Group acquired leisure company Boomers Parks from Palace Entertainment

Acquisition Highlights
  • This is Broad Sky Partners’ 1st, The Edgewater Funds’ 3rd and The Carlyle Group’s 8th transaction in the Leisure sector.
  • This is Broad Sky Partners’ 1st, The Edgewater Funds’ 35th and The Carlyle Group’s 259th transaction in the United States.
  • This is Broad Sky Partners’ 1st, The Edgewater Funds’ 3rd and The Carlyle Group’s 11th transaction in Florida.
Investment Fate
  • Boomers Parks went bankrupt in 2020.
  • Boomers Parks was sold to a financial buyer in 2020 for 45M USD.

M&A Deal Summary

Date 2014-09-18
Target Boomers Parks
Sector Leisure
Buyer(s) Broad Sky Partners
The Edgewater Funds
The Carlyle Group
Sellers(s) Palace Entertainment
Deal Type Divestiture

Target

Boomers Parks

Boca Raton, Florida, United States
Boomers Parks is an entertainment services provider. Boomers Parks is a family entertainment centers include park locations under Boomers!, Malibu Grand Prix, Mountasia, and SpeedZone franchise brands. Boomers Parks is based in Boca Raton, Florida.

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Buyer(S) 3

DESCRIPTION

Broad Sky Partners is a private equity firm that invests in middle-market companies operating in the media, communications, business services, and consumer products sectors. The Firm will consider both majority or minority positions and looks to commit $50 to $250 million per transaction. Broad Sky Partners was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 1 of 9
Sector: Leisure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 9
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-04 Manna Pro

Chesterfield, Missouri, United States

Manna Pro is a manufacturer and marketer of specialty pet care products, provides food, treats, and a wide assortment of high-quality health and wellness products for companion pets and hobby animals. Manna Pro was formed in 1985 and is based in Chesterfield, Missouri.

Buy -
Buyer

The Edgewater Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 36 of 53
Sector: Leisure M&A 3 of 3
Type: Divestiture M&A Deals 1 of 2
State: Florida M&A 3 of 5
Country: United States M&A 35 of 51
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-09 State National Companies

Bedford, Texas, United States

State National Companies, Inc. is an insurance services company. State National is a provider of services to specialty general agents and collateralized lenders through its program services and lender services lines of business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 Vertical Bridge

Delray Beach, Florida, United States

Vertical Bridge is an owner and manager of wireless communications infrastructure. Vertical Bridge owns, operates and master leases over 266,000 towers, rooftop, billboard, utility attachment, and other site locations in support of wireless network deployments. Vertical Bridge was founded in 2002 and is based in Delray Beach, Florida.

Buy -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 501 of 749
Sector: Leisure M&A 8 of 11
Type: Divestiture M&A Deals 48 of 74
State: Florida M&A 11 of 15
Country: United States M&A 259 of 350
Year: 2014 M&A 22 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 SolAero

Albuquerque, New Mexico, United States

SolAero is a manufacturer of highly efficient, radiation-hard solar cells, Coverglass Interconnected Cells (CICs), and solar panels for space power applications. Since 2001, SolAero products have powered 160 successful space missions with zero on-orbit failures. SolAero Technologies was founded in 1998 and is based in Albuquerque, New Mexico.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-13 Custom Sensors & Technologies

Moorpark, California, United States

Custom Sensors & Technologies is a specialist in designing and manufacturing sensing, control and motion products, addressing several industrial, transportation and aerospace end-markets.

Buy $900M

Seller(S) 1

SELLER

Palace Entertainment

Newport Beach, California, United States

Category Company
Sector Leisure
DESCRIPTION

One of the largest operators of waterparks and family entertainment centers in the United States.


DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Marine Exhibition

Key Biscayne, Florida, United States

Marine Exhibition Corp. which owns and operates the Miami Seaquarium, a family-oriented entertainment park.

Buy -