M&A Deal Summary

Churchill Downs Acquires Exacta Systems

On December 19, 2022, Churchill Downs acquired information technology company Exacta Systems for 250M USD

Acquisition Highlights
  • This is Churchill Downs’ 1st transaction in the Information Technology sector.
  • This is Churchill Downs’ 3rd largest (disclosed) transaction.
  • This is Churchill Downs’ 15th transaction in the United States.
  • This is Churchill Downs’ 1st transaction in Florida.

M&A Deal Summary

Date 2022-12-19
Target Exacta Systems
Sector Information Technology
Buyer(s) Churchill Downs
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Exacta Systems

Boynton Beach, Florida, United States
Exacta Systems is a provider of technology to support historical horse racing (“HHR”) operations, has integrated a diverse set of leading historical racing machine (“HRM”) gaming manufacturers into its HHR platform, including AGS, IGT, Light & Wonder, Everi, Konami and Incredible Technologies. Exacta Systems is based in Boynton Beach, Florida.

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Buyer(S) 1

Buyer

Churchill Downs

Louisville, Kentucky, United States

Category Company
Founded 1875
Sector Leisure
Employees6,480
Revenue 2.7B USD (2024)
DESCRIPTION
Entrance to Churchill Downs Racetrack in Louisville, Kentucky.
Entrance to Churchill Downs Racetrack in Louisville, Kentucky.

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.


DEAL STATS #
Overall 15 of 15
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 13
State: Florida M&A 1 of 1
Country: United States M&A 15 of 15
Year: 2022 M&A 4 of 4
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Peninsula Pacific Entertainment

LaMotte, Iowa, United States

Peninsula Pacific Entertainment (P2E) operates premium gaming venues by developing, owning, and operating high-quality entertainment and gaming assets across the United States. Peninsula Pacific Entertainment is based in LaMotte, Iowa.

Buy $2.8B