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Evo Entertainment Group Acquires Showbiz Cinemas

Jan 03, 2022•almost 4 years ago

Acquiring Company

EVO Entertainment Group

Acquired Company

ShowBiz Cinemas

MobileSoftwareMobileSoftware

Description

EVO Entertainment Group ("EVO") and ShowBiz Cinemas ("ShowBiz"), two leading innovators in motion picture entertainment, announced today that they have closed a transaction under which EVO has acquired 100% of the stock of Showbiz Cinemas in an all-cash deal.

Company Information

Company

EVO Entertainment Group

About

EVO Entertainment Group is an Austin based out-of-home entertainment operator comprising several innovative brands including EVO Entertainment, EVO Cinemas, and EVO Concerts. Since its launch in 2014, EVO has gained a reputation as a leader in innovation, as well as one of the fastest growing independent cinema circuits in the country.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed