Herschend acquires the Harlem Globetrotters
Posted
[Ed. note: The following is an excerpt of a press release. -J]
Herschend Family Entertainment Corporation (HFE) announced today it has acquired Harlem Globetrotters International, Inc. (HGI) from Shamrock Capital Advisors. Effective immediately, HGI is a wholly owned subsidiary of HFE. HFE is the largest family-owned themed attractions company in the U.S., owning and operating 26 properties throughout the country, including theme parks, aquariums, hospitality businesses and tours.
A complement to HFE’s family-friendly portfolio of businesses, this acquisition marks an expansion for the company into new media, audiences and markets. HGI brings to HFE a hugely popular and relevant brand that has seen a resurgence in the past five years, growing from a live event touring company into a full-fledged global entertainment brand. The Globetrotters perform over 400 live events worldwide annually, reaching over three million fans in more than 30 countries. Last year, HGI produced all-time highs in live-event revenue, sponsorship partnerships, merchandise sales and media impressions, all while building a top-notch online community and introducing its star players to a new generation of fans.
Read the entire press release from Herschend Family Entertainment.
That's a slam dunk for Herschend.
The amusement park rises bold and stark..kids are huddled on the beach in a mist
http://support.gktw.org/site/TR/CoastingForKids/General?px=1248054&...fr_id=1372
In a related story, Six Flags has acquired the Washington Generals. ;)
Hello, Hello! (hola!) I rode a ride named Vertigo!-with apologies to U2
Good for HFE. Globe Trotters seem bigger in urban areas. Nice addition to their family.
Don't cry because it's over, smile because it happened.
Dolly finally has some pros to play with her basketballs. ;-)
884 Coasters, 34 States, 7 Countries
http://www.rollercoasterfreak.com My YouTube
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