Accel Entertainment Inc
Accel Entertainment Announces Expansion into Louisiana
Accel Entertainment Inc., a leading distributed gaming operator, announced that it has completed the acquisition of 85% of the ownership interests of Toucan Gaming LLC and LSM Gaming LLC, two Louisiana-based route operators and owners of multiple licensed video poker establishments (collectively, “Toucan”), for approximately $40 million. The combined business will operate as Toucan Gaming throughout Louisiana and will be led by Stan Guidroz, an industry-leading gaming executive and current CEO of Toucan Gaming. Mr. Guidroz owns the remaining 15% of Toucan’s ownership interests and will lead the Accel team supporting Toucan’s continued growth.
Transaction highlights include:
• A business that is expected to generate approximately $25 million of revenue and $6 million of Adjusted EBITDA in 2025
• Further expansion of Accel’s operations into the southeastern United States
• Adds 13 truck stop locations which include a total of 450 terminals
• Adds 60 3-machine locations which include a total of 180 terminals.
Accel CEO Andy Rubenstein said: “The acquisition of Toucan further expands Accel’s reach into the attractive southeastern U.S., 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.”
“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 U.S. market under the Toucan brand,” said Stan Guidroz, Owner and CEO of Toucan.