Dave & Buster's Entertainment has entered into an agreement to acquire Main Event from Ardent Leisure Group and RedBird Capital Partners for $835 million.
Main Event is a family entertainment concept with 50 locations in the U.S, including three recently acquired The Summit locations in Colorado. The all-cash transaction, which was unanimously approved by both boards of directors, represents a total enterprise value of $835 million. The transaction is expected to close later this year, but specific timing is subject to customary closing conditions, including approval by Ardent Leisure stockholders and regulatory review.
Kevin Sheehan, board chair and interim CEO, said “This is a transformational combination for both brands. From a strategic fit perspective, Main Event’s business model, footprint and asset quality aligns well with Dave & Buster’s. Main Event targets a different demographic, families with younger children, while Dave & Buster’s has pr
