TPG Pace Holdings completed the acquisition of Accel Entertainment for $884m.

TPG Pace Holdings, a global alternative asset firm, completed the acquisition of Accel Entertainment, which operates as a video game store, for $884m. “Accel has spent the last decade establishing itself as the gold standard in the gaming-as-a-service industry, delivering high levels of growth and profitability. This transaction is perfectly aligned with our business objectives. Not only is Accel itself a leader, but gaming-as-a-service is one of the fastest-growing segments in gaming with a substantial addressable market. Andy and his team have built an outstanding company that is well-positioned to continue its rapid growth. We look forward to working closely with the Accel team as they embark on their next chapter and bring this B2B solution to new markets,” Karl Peterson, TPG Pace President, and CEO.