Announced
Financials
Sources
Tags
Pending
Private Equity
entertainment
Majority
Single Bidder
United States
Acquisition
Domestic
Machinery: Specialty
Private
Friendly
Synopsis
Z Capital-backed CTM Group, a provider of managed entertainment and souvenir solutions, agreed to acquire ScooterBug Best Lockers, a provider of mobility and locker solutions across leisure and entertainment sites. Financial terms were not disclosed. “This transformative transaction brings together two highly complementary companies and positions the combined business as the leading solutions provider at the most sought-after tourist destinations in the US and around the world. I look forward to working closely with Andrew and Steve to execute on a range of white-space opportunities that are expected to generate consistent growth and position the business for success over the long term," James Zenni, ZCG Founder, President, and CEO.
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