M&A Deal Summary

Marcus Acquires Movie Tavern Partners

On November 2, 2018, Marcus acquired media company Movie Tavern Partners from Southern Theatres for 126M USD

Acquisition Highlights
  • This is Marcus’ 1st transaction in the Media sector.
  • This is Marcus’ largest (disclosed) transaction.
  • This is Marcus’ 1st transaction in the United States.
  • This is Marcus’ 1st transaction in Texas.

M&A Deal Summary

Date 2018-11-02
Target Movie Tavern Partners
Sector Media
Buyer(s) Marcus
Sellers(s) Southern Theatres
Deal Type Divestiture
Deal Value 126M USD

Target

Movie Tavern Partners

Dallas, Texas, United States
Movie Tavern Partners LP is a provider of cinema eatery segment catering to adults and families with 16 high-quality theatres and 130 digital screens in seven states. Movie Tavern combines first-run movies with a casual dining menu and alcoholic beverages with full-service, in-auditorium dining. The company operates multiple locations in the following markets: Dallas/Ft. Worth (6), Houston (3), Atlanta (2), with additional locations in the Philadelphia, Denver, Columbus, Lexington and Williamsburg markets.

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Buyer(S) 1

Buyer

Marcus

Milwaukee, Wisconsin, United States

Category Company
Founded 1935
Sector Leisure
Employees2,801
Revenue 730M USD (2023)
DESCRIPTION

Marcus is an owner and operator of theaters and other entertainment options across the Midwest US. Marcus' theatre division, Marcus Theatres, currently owns or manages 685 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. Marcus was founded in 1935 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Southern Theatres

New Orleans, Louisiana, United States

Category Company
Founded 2002
Sector Media
DESCRIPTION

Southern Theatres, LLC is in the theatre business with his family for over 50 years and launched Southern Theatres to develop and operate state-of-the art multiplex stadium-seating movie theatres.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-12 Movie Tavern Partners

Dallas, Texas, United States

Movie Tavern Partners LP is a provider of cinema eatery segment catering to adults and families with 16 high-quality theatres and 130 digital screens in seven states. Movie Tavern combines first-run movies with a casual dining menu and alcoholic beverages with full-service, in-auditorium dining. The company operates multiple locations in the following markets: Dallas/Ft. Worth (6), Houston (3), Atlanta (2), with additional locations in the Philadelphia, Denver, Columbus, Lexington and Williamsburg markets.

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