Acquiring Company
CSB Theatres
Acquired Company
Hobbs Building
MassachusettsSomervillePerforming ArtsTheatrePerforming ArtsTheatreDescription
Ownership of the Hobbs Building, which houses the Somerville Theatre, was transferred to CSB Theatres, the company run by the theater's current managers. CSB also runs the Capitol Theatre in East Arlington under a 20-year lease, which keeps that movie house in Arlington. The deal was funded partly by a loan from First Citizens Bank and a large donation from an anonymous donor.
Who to call at CSB Theatres, and when
When CSB Theatres changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day CSB Theatres raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at CSB Theatres, from your own LinkedIn network
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Fundz sees it the moment CSB Theatres makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Hobbs Building?
Hobbs Building was acquired by CSB Theatres, based in Massachusetts. The deal was reported on November 8, 2026. CSB Theatres, Inc. is an Arlington-based company co-owned by longtime theater managers Ian Judge, Ian Brownell, Jamie Mattchen and John O'Leary. CSB Theatres is privately held and operates in Performing Arts.
When did CSB Theatres acquire Hobbs Building?
CSB Theatres's acquisition of Hobbs Building was reported on November 8, 2026. Ownership of the Hobbs Building, which houses the Somerville Theatre, was transferred to CSB Theatres, the company run by the theater's current managers. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hobbs Building do?
The Hobbs Building is the property that houses the historic Somerville Theatre, which has operated since 1914. The building was bought by Melvin Fraiman in 1984 and was owned by the Fraiman family until its transfer. It is privately held, operating in Performing Arts, and is based in Somerville.
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