TZP Group Exits Investment in Family Entertainment Group

New York, NY -- July 20, 2022

TZP Group announced the sale of its investment in Family Entertainment Group (FEG) to H.I.G. Capital. FEG is a national designer, developer, and operator of amusement facilities headquartered in Itasca, Illinois, and founded in 2004.

The company provides outsourced facility management services for amusement operations at resorts, hotels, casinos, and amusement parks. FEG also owns and operates standalone family entertainment centers under the brands In The Game, Max Action, and Bonkers. The company operates 60 locations across the United States and employs over 1,000 people.

Rodney Eshelman, Partner at TZP Group, noted that "TZP has thoroughly enjoyed working with the FEG management team" and praised the company's market position and capabilities.

George Smith, FEG's Founder and CEO, stated that "TZP Group has been a patient and value-added investor assisting the management team with realizing its growth plan."

Rodney Eshelman, Michael Morgan, and Sergina Lambert represented TZP on the transaction. TZP Group manages approximately $2 billion across its fund family and focuses on control, growth equity, and structured investments in technology, business services, and consumer companies.