The acquisition will make Santikos the eighth-largest North American cinema chain based on screen count. SanAntonio SATX SanAntonioTX movies movietheaters Santikos
Under the transaction, Santikos will buy 17 cinemas with a total of 250 screens across Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Texas from VSS-Southern Theaters LLC, a New York-based private equity firm. Four of those theaters are IMAX venues.SABJ.Santikos' purchase includes the The Grand Theatre and AmStar Cinemas chains, according to the article.
The acquisition will make Santikos the eighth-largest North American cinema chain based on screen count, company CEO Tim Handren told“They have a really good operational team. So, this isn't a big turnaround situation,” Handren said. “I think we're going to learn some things from them. They'll learn some things from us.”
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