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Accel Entertainment Completes Century Gaming Acquisition

Jun 01, 2022•about 3 years ago

Acquiring Company

Accel

Acquired Company

Century Gaming

United StatesSportsMedia And EntertainmentGaming

Description

Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a leading distributed gaming operator in the U.S., today announced the completion of its previously announced transaction to acquire Century Gaming, Inc. (“Century”), one of the leading distributed gaming operators in the Western United States, for $164.2 million in cash and stock, including Century’s working capital.

Company Information

Company

Accel

Location

United States

About

”Indeed, as TechCrunch recently reported, Accel has a history of backing companies that were previously bootstrapped (and often profitable) -– the latest example being Lower, a Columbus, Ohio-based fintech, which just raised Wong says Accel is “open-minded but thematic” in its investment approach.Accel Partner Sonali de Rycker, who is based out of London, agrees. Accel is also patient.

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