Popular FEC operator Dave & Buster’s has expanded, acquiring Main Event from Ardent Leisure Group and RedBird Capital Partners.
Both boards of directors unanimously approved the transaction and Chris Morris, the current CEO of Main Event, has been named CEO of Dave & Buster’s and a member of its board of directors.
Kevin Sheehan, chairman of the board, said: “We are very excited to officially welcome the Main Event team to Dave & Buster’s and to begin capitalizing on the enormous opportunity that this combination creates.
“These two brands perfectly complement each other, and their joining puts our Company in a strategically unparalleled position for accelerated, profitable growth under the leadership of Chris Morris.
“Chris’ track-record of effective execution and prudent leadership will be invaluable in unlocking additional value for our shareholders.”
Incoming CEO Chris Morris said: “I am thrilled to be given the opportunity to lead Dave & Buster’s at such an exciting inflection point for the Company. We have created a combination of brands and people that will enhance our relationships with our guests and allow us to provide them with even better experiences.
“This is truly a transformational time for our Company, and I look forward to embarking on this journey. On behalf of the entire Dave & Buster’s family, I would like to thank Kevin for his leadership and recognize his success at accelerating change at the Company.”
