Miami Seaquarium Sold to California-Based Group, Palace EntertainmentThe Miami Seaquarium has been sold to California-based Palace Entertainment, which is subsidiary of Spanish theme park operator Parques Reunidos. The sale had been in the works for at least two years, according to the Miami Herald. The 38 acre park, open since 1955, leases the Virginia Key location from Miami-Dade County. Terms of the deal has not been disclosed. Howard Kahn originated the transaction.
Lincolnshire Management Acquires True Temper SportsFunds affiliated with Lincolnshire have a history of successful investments in sports equipment manufacturing, including the Riddell Sports Group and Prince Sports. Morgan Stanley represented True Temper.
True Temper Sports is consistently the number one shaft on all professional tours globally. The company markets a complete line of shafts under the True Temper®, Grafalloy® and Project X® shaft brands, and sells these brands in more than 30 countries throughout the world. True Temper manufactures shafts for many of the major golf club manufacturers including Adams, Bridgestone, Callaway, Cleveland, Cobra, Mizuno, Nike, Ping, TaylorMade, Titleist and Wilson.
Production of steel shafts takes place in the United States in True Temper's steel manufacturing facility in Amory, Mississippi. The Company's graphite shafts are designed and engineered at the Grafalloy® headquarters in San Diego, California. True Temper also has a graphite manufacturing facility in Guangzhou, China. The Company also manufactures bicycle forks, ice hockey sticks, lacrosse sticks, baseball bats and other steel and carbon fiber products.
True Temper Sports, based in Memphis, Tennessee, is proudly represented by more than 1,000 individuals in ten facilities located in the United States, Europe, Japan, China and Australia.
Palace Entertainment Acquires Noah's Ark, America's Largest Water ParkFestival Fun Parks, LLC dba Palace Entertainment completed the acquisition of Noah's Ark water park, located in the popular, family vacation spot of Wisconsin Dells, Wisconsin. Palace Entertainment of Newport Beach, California is a subsidiary of Parques Reunidos of Madrid, Spain. Parques Reunidos is majority owned by the private equity fund Arle of the United Kingdom. Howard J. Kahn of Innovative Sports & Entertainment introduced the owners of Noah's Ark to Parques Reunidos.
Noah's Ark is America's largest water park with 70 acres, 51 water attractions, including 2 wave pools and 2 lazy rivers plus dozens of other various attractions. Located in the city of Wisconsin Dells, known as the "Water Park Capital of the World," Noah's Ark is the region's most popular family attraction and has two hotels on the property featuring over 300 rooms. Noah's Ark offers the greatest variety of water rides in the nation, including Black Anaconda, the nation's most thrilling watercoaster. The Travel Channel hailed Noah's Ark as "The place for water in the Midwest," and TripAdvisor.com named Wisconsin Dells the number one family vacation destination in the United States.
Palace Entertainment is one of the leading leisure park operators in the United States. With parks located in 11 states, Palace Entertainment continues its expansion of brands within the family entertainment sector. Palace Entertainment's parks provide family oriented and affordable attractions to visitors of all ages. Palace Entertainment, the largest operator of waterparks in America, greets over 13 million visitors annually.
With this acquisition Parques Reunidos now operates 71 theme parks, water parks, zoological parks and family entertainment centers around the world in 10 countries. Parques Reunidos is the largest water park operator in the world, the second largest leisure park operator in Europe, the fourth largest leisure operator worldwide, and serves 27 million visitors annually.