Accel Entertainment completes majority acquisition of two operators, expands into Louisiana
The current Toucan CEO will continue to lead the combined businesses and support the Accel team.
Key points:
– Accel Entertainment has acquired 85% of ownership interests of Toucan Gaming and LSM Gaming
– The deal is valued at $40m but is expected to generate $25m of revenue in 2025
– Stan Guidroz, current CEO of Toucan Gaming, will hold the remaining 15% of ownership interests
Accel Entertainment has completed the acquisition of 85% worth of Toucan Gaming and LSM Gaming’s ownership interests, which will facilitate its expansion into Louisiana.
Toucan and LSM Gaming are both owners of multiple licensed video poker establishments, with a strong focus in the northwest Louisiana tri-parish area.
The two operators will be combined through the $40m deal and operate as Toucan Gaming under the leadership of Stan Guidroz, the current CEO of Toucan Gaming.
Guidroz will keep the remaining 15% share of Toucan’s ownership interests.
On the deal, Guidroz said: “Today’s announcement with Accel is an exciting next step for the evolution of Toucan Gaming. By partnering with an industry leader like Accel, we can quickly accelerate our growth plans and leverage the many benefits that increased innovation and scale brings to our establishment owners and playing customers.
“We could not be more thrilled to become a part of the Accel family and look forward to bolstering Accel’s presence in the southeastern US market under the Toucan brand.”
Good to know: Following the deal, 13 more truck stop locations will be established with a total of 450 terminals, along with 60 further locations with an additional 180 terminals.
Andy Rubenstein, Accel CEO, said: “The acquisition of Toucan further expands Accel’s reach into the attractive southeastern US, market, where we believe there is significant untapped demand and aligns with our ongoing strategy to expand Accel’s presence both organically and through acquisitions.
“Toucan is a well-run and highly respected company that shares many of Accel’s values and entrepreneurial attributes.
“I am confident Toucan is the perfect partner for our company, and we look forward to helping Stan grow the brand.”
Earlier this year, Accel Entertainment acquired Fairmount Holdings, the only active horseracing venue in the greater St. Louis area.
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