Parks! America, Inc. Acquires Aggieland Safari
April 27, 2020
Parks! America, Inc. acquired substantially all assets of Aggieland Safari (Aggieland Safari Adventure Zoo and Safari Park) effective April 27, 2020 for $7.125 million, financed with bank debt, a seller note and cash. The deal, completed through newly formed subsidiary Aggieland-Parks, Inc., provides geographic diversification for Parks! America's portfolio of wild animal safari parks.
- Buyers
- Parks! America, Inc., Aggieland-Parks, Inc. (newly formed subsidiary of Parks! America, Inc.)
- Targets
- Aggieland Safari
- Sellers
- Aggieland Safari, LLC, Ferrill Creek Ranch, LLC, Vernell Investments, LLC
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Transaction Type
- Buyout
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