The mergers and acquisition market is still on fire after last year’s Super Cycle—especially in North Texas. Recently, Coppell-based Dave & Busters announced its purchase of Plano-based Main Event from Ardent Leisure Group Limited and RedBird Capital Partners for $835 million, uniting two entertainment industry leaders.
The deal is expected to be finalized later this year. Main Event, which has 50 locations in 17 states, will continue to operate as its own distinct brand under the guidance of Dave & Busters, which has 144 locations.
Dave & Busters has also been searching for a permanent replacement since former CEO Brian Jenkins retired in September. With the acquisition, Main Event CEO Chris Morris will now step in as the new Dave & Busters head man. In his four-year tenure with Main Event, Morris has more than doubled its earnings.
“We are thrilled to join the Dave & Buster’s family,” Morris said. “We will undoubtedly benefit from the collective expertise and strong culture of both brands, particularly as we continue to accelerate Main Event’s aggressive expansion plans.”
Fort Worth’s Novaria Group Acquires Hohman Plating
Specialty hardware, components, and coatings for aerospace and defense manufacturer Novaria Group has acquired century-old finishing and coatings company Hohman Plating. The latest acquisition marks Novaria’s fifth in the last 12 months. Hohman will continue to be headquartered out of Dayton, Ohio.
“We are thrilled to have Hohman as a valued resource and partner as we continue to expand our operations,” Novaria CEO Bryan Perkins said. “The impressive approvals in metal finishing and proprietary coating options Hohman provides are unmatched in the industry and are fundamental to the customers we serve.”
Bill Miller, owner of Hohman Plating, will join Novaria’s board of directors. Terms of the deal were not disclosed.
Recuro Health Acquires Virtual Healthcare Provider WellVia
Dallas-based Recuro Health, a telehealth company, acquired Irving-based WellVia, which provides access to virtual healthcare via phone, video, and app. The acquisition is part of Recuro’s expansion plans for its Virtual Primary Care products.
“VPC is today’s most in-demand digital health solution, and Recuro’s offering is moving healthcare from a reactive, disease-focused model, to one that is focused on preventative, holistic care, identifying and treating diseases early in their trajectory to lower medical costs,” Michael Gorton, CEO and founder of Recuro Health, said. “This acquisition significantly broadens our robust suite of VPC and behavioral health services that meet healthcare consumers where they are, no matter their location or circumstance.”
The acquisition also broadens Recuro Health’s provider network. WellVia’s top primary care, urgent care, and behavioral health physicians—who are licensed in all 50 states—will connect with patients through Recuro’s Digital Medical Home platform.