APX successfully completes acquisition of Apex Parks Group

APX Operating Company has successfully completed the acquisition of certain amusement parks and family entertainment centers across the US from Apex Parks Group. In connection with the transaction, APX has appointed Tim Murphy as chief executive officer and Kevin Littlejohn as chief financial officer with immediate effect.

Tim Murphy is an industry veteran with over 30 years of leadership experience in the entertainment and hospitality sectors. Notable experience includes serving as CEO, President and CFO of Rebounderz Family Entertainment Centers, and Board Member of Coney Parks, Happy City, and Yu Kids in Latin America. Previously, he was COO and CFO for 23 Jimmy John’s restaurants in Chicago held by a private equity firm, the CFO of 153 Sonny’s BBQ restaurants, and CFO of Specialty Restaurant Development, the developer of 15 Applebee’s, four Green Hills Grilles and three Ray’s on the River restaurants. He started his career in the finance division of Walt Disney World and Darden Restaurants in Florida.

Kevin Littlejohn has over 35 years of finance and operating experience across a range of industries. He most recently served as CFO of Guardia and was previously the CFO of Esquire Deposition Solutions. Earlier in his career, Mr. Littlejohn was the CFO of Polaris Partners, a Boston-based investment firm focused on businesses in healthcare and technology.

APX will operate certain family entertainment centres and water parks formerly owned by Apex Parks Group including Boomers! Livermore, Boomers! Santa Maria, Boomers! Modesto, Boomers! Irvine, SpeedZone Los Angeles, Sahara Sam’s Oasis, Big Kahuna’s Water & Adventure Park, and Boomers! Boca Raton.

Most of the eight APX locations remain temporarily closed in accordance with government regulations in response to the COVID-19 pandemic. However, Big Kahuna’s Water & Adventure Park in Destin, Florida reopened on June 4. The Company’s management team is working diligently to prepare to open all other locations, as stay-at-home measures are gradually lifted, with safety as its top priority. APX is coordinating closely with local officials in the areas in which it operates to ensure compliance with social distancing and other health and safety requirements, and expects to communicate with guests over the coming weeks as it enters the summer season.

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