From the Wires
Trinity Hunt Creates Leading Movie Exhibition Company With ShowPlex And Starplex Merger
ShowPlex/Starplex Cinema Merger Will Create One of the Largest Theatre Chains in the US
By: PR Newswire
Dec. 26, 2012 11:06 AM
DALLAS, Dec. 26, 2012 /PRNewswire/ -- Trinity Hunt Partners ("Trinity Hunt"), a leading private equity firm, today announced the completion of a merger of ShowPlex Cinemas, a company controlled by Trinity Hunt, with Starplex Cinemas, a national motion picture exhibitor headquartered in Dallas, Texas. The merger will create a top-12 theatre chain with 32 locations and over 320 screens with operations in 12 states across the United States.
A Trinity Hunt Fund III portfolio company, ShowPlex currently operates 10 theatres and over 90 screens in Arkansas, Kansas, Oklahoma, Missouri and Nebraska. Starplex currently operates 22 theatres and over 230 screens throughout the United States.
Trinity Hunt will remain a significant shareholder and be represented on the merged company's board of directors.
Starplex's management team, led by Steve Holmes, an industry veteran and former Chief Financial Officer of Cinemark and Chief Executive Officer of Silver Cinemas, will assume responsibility for day-to-day management of ShowPlex's theatres. "The addition of ShowPlex's quality assets will complement Starplex's growing domestic footprint, including the expansion of our presence in the Midwest market," stated Mr. Holmes.
"We are pleased to bring these two companies together," said Dan Dross, a Partner at Trinity Hunt. "The combined enterprise is well positioned for continued growth."
Mr. Dross continued, "Starplex is known for offering quality films in state-of-the-art auditoriums at affordable prices. I am confident that ShowPlex's commitment to providing customers an exceptional movie-going experience will be further enhanced under the Starplex management team's leadership."
To learn more about ShowPlex or Starplex, contact Mr. Dross at 214.777.6601 or DDross@TrinityHunt.com
To learn more about Trinity Hunt Partners or to discuss a new opportunity, contact Mr. Scott Colvert at 214.777.6603 or SColvert@TrinityHunt.com
About Trinity Hunt
SOURCE Trinity Hunt Partners
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