Add-on Acquisition • Technology Hardware

Everi Acquires Video King

On April 11, 2023, Everi acquired technology hardware company Video King from GLC Investment Advisors for 59M USD

Acquisition Context
  • This is Everi’s 3rd transaction in the Technology Hardware sector.
  • This is Everi’s largest (disclosed) transaction.
  • This is Everi’s 4th transaction in the United States.
  • This is Everi’s 1st transaction in Nebraska.

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M&A Deal Summary

Date April 11, 2023
Target Video King
Sector Technology Hardware
Buyer(s) Everi
Sellers(s) GLC Investment Advisors
Deal Type Add-on Acquisition
Deal Value 59M USD
Advisor(s) GLC Advisors & Co. (Financial)

Target Company

Video King

Omaha, Nebraska, United States
Video King is a privately-owned provider of integrated electronic bingo gaming tablets, video gaming content, instant win games, and systems. Video King is based in Omaha, Nebraska.
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Buyer Overview 1

Buyer

Everi

Las Vegas, Nevada, United States

Category Company
Founded 1998
Sector Financial Services
Employees2,300
Revenue 758M USD (2024)
DESCRIPTION
Entrance to Everi Holdings' headquarters in Las Vegas, Nevada.
Entrance to Everi Holdings' headquarters in Las Vegas, Nevada.

Everi is a provider of cash access and related equipment services and solutions to the gaming industry. Everi was incorporated in 1998 and is headquartered in Las Vegas, Nevada.


Deal Context for Buyer #
Overall 5 of 5
Sector: Technology Hardware 3 of 3
Type: Add-on Acquisition 4 of 4
State: Nebraska 1 of 1
Country: United States 4 of 4
Year: 2023 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 IntuiCode

Boynton Beach, Florida, United States

IntuiCode is a privately owned game development and engineering firm focused on Historical Horse Racing ("HHR") games. IntuiCode is based in Boynton Beach, Florida.

Buy -

Seller Profile 1

SELLER
DESCRIPTION

GLC Investment Advisors is the investment arm of GLC, a private investment and advisory firm. GLC Investment focuses primarily on the middle-market, and invests debt and equity capital to support leveraged buyouts, strategic acquisitions, recapitalizations and growth financings. The Firm also leads as principal investors in distressed companies, where it can utilize capital to play an active role in restructuring businesses. GLC was established in 2005 and is headquartered in New York City.


Deal Context for Seller #
Overall 1 of 1
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 1 of 1
State: Nebraska 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 Video King

Omaha, Nebraska, United States

Video King is a privately-owned provider of integrated electronic bingo gaming tablets, video gaming content, instant win games, and systems. Video King is based in Omaha, Nebraska.

Buy -