The Gores Group Acquires AMI Entertainment
The Gores Group (“Gores”), a global investment firm, announced today that it has completed the acquisition of AMI Entertainment (“AMI”). Originally founded in 1909 as the National Automatic Music Co., AMI has been part of the bar and restaurant entertainment industry for more than a century. Today, AMI makes digital jukeboxes and video systems that deliver music, video and advertising content to 30,000+ locations in North America and Europe. Gores acquired AMI through its Small Capitalization Partners investment fund.
Stephens Inc. and Peter J Solomon Company acted as financial advisors to AMI Entertainment on the transaction.