M&A Deal Summary

Entertainment Cruises Acquires Spirit Cruises

On September 13, 2006, Entertainment Cruises acquired marine company Spirit Cruises

Acquisition Highlights
  • This is Entertainment Cruises’ 1st transaction in the Marine sector.
  • This is Entertainment Cruises’ 1st transaction in the United States.
  • This is Entertainment Cruises’ 1st transaction in Illinois.

M&A Deal Summary
Date 2006-09-13
Target Spirit Cruises
Sector Marine
Buyer(s) Entertainment Cruises
Deal Type Add-on Acquisition

Target

Spirit Cruises

Chicago, Illinois, United States
Spirit Cruises, LLC is the largest harbor cruise company in the United States and operates a fleet of 12 ships cruising in seven of America's most popular port cities, including Boston, Chicago, New York and Weehawken, NJ (New York Harbor), Norfolk, VA, Philadelphia and Washington, D.C. Spirit offers lunch and dinner cruises that include energetic live song and dance entertainment, buffet dining, dancing to a DJ and sightseeing. In addition to its Spirit vessels, it operates Bateaux New York, a luxury glass dining yacht; and Elite Yacht Charters, which are private charter vessels.

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Buyer(S) 1

Buyer

Entertainment Cruises

Chicago, Illinois, United States
Category Company
Founded 2006
Sector Marine
DESCRIPTION

Entertainment Cruises offers dining and sightseeing cruises to customers in eight major U.S. geographic markets. The company operates 30 customized vessels serving over 1.5 million passengers annually, making it the largest U.S. maritime dining cruise operator.

DEAL STATS #
Overall 1 of 3
Sector (Marine) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-31 Harbor Cruises

Baltimore, Maryland, United States

Harbor Cruises Ltd. is a private operator of passenger vessels.

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