Player One Amusement Group Joins OpenGate Capital in a Game-Changing Acquisition

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The global private equity firm, OpenGate Capital, has successfully acquired Player One Amusement Group (P1AG), a leading amusement services provider, from Cineplex. With a total transaction value of CAD $155 million, this acquisition is set to unlock new opportunities and propel P1AG into its next phase of growth.

OpenGate Capital is renowned for its expertise in corporate carve-outs, and this acquisition further solidifies its position as a top player in the industry. Andrew Nikou, OpenGate Capital's Founder and Managing Partner, expressed enthusiasm for the partnership with P1AG, stating, "The acquisition of Player One underscores our experience and expertise with corporate carve-outs. We look forward to partnering with the team at Player One as the business embarks on its next chapter of growth."

As part of the deal, OpenGate plans to collaborate closely with P1AG's management team to create a best-in-class experiential entertainment experience for consumers. This strategic approach aims to drive superior location profitability for the company's customers. Leveraging P1AG's stable customer base and unique value proposition, OpenGate intends to capitalize on the burgeoning market opportunity, both organically and through strategic acquisitions.

To ensure P1AG's continued success, OpenGate is making strategic investments in various areas of the company. These include people, infrastructure, deployable assets, and systems. By enhancing P1AG's capabilities, OpenGate aims to improve customer satisfaction and create long-term value for existing and new clients.

Headquartered in Toronto, Ontario, P1AG serves customers across Canada and the United States. The company specializes in amusement gaming equipment and outsourced operations and maintenance support. P1AG enables its customers to maximize location profitability while providing an exceptional consumer experience. Furthermore, P1AG sources, distributes, and maintains amusement gaming equipment for a wide range of commercial and retail venues throughout North America. Its diverse customer base includes theater chains, resorts, golf entertainment centers, trampoline parks, and bowling centers.

OpenGate Capital, established in 2005, is a global private equity firm that focuses on acquiring and operating businesses to generate new value through operational improvements, innovation, and growth. With headquarters in Los Angeles, California, and an office in Paris, France, OpenGate Capital possesses the necessary expertise to successfully acquire, transition, operate, build, and scale businesses. Over the years, OpenGate Capital has executed more than 40 platform acquisitions across North America and Europe.

This strategic acquisition of Player One Amusement Group by OpenGate Capital is undoubtedly a game-changer for both companies. By combining their strengths, they are poised to revolutionize the experiential entertainment industry and take it to new heights. As consumer demand for immersive entertainment continues to rise, this partnership will drive innovation, create exceptional customer experiences, and unlock new growth opportunities for P1AG and its clients.

To stay updated on the latest developments and learn more about OpenGate Capital, visit their official website at www.opengatecapital.com.