Family Fun Companies acquired by JET Games
Jennison Entertainment Technologies (JET Games) has acquired the assets of Family Fun Companies (FFC). FFC and its entire team have relocated to Daytona Beach, Florida where both companies will operate at JET’s current corporate headquarters.
Family Fun Companies was founded by the late Richard Oltmann in 2000. Over the following 19 years, FFC became a distinguished design and manufacturing company developing many popular games and rides in the family entertainment industry. JET will continue to operate the Family Fun brand tailoring certain future products for each business.
Chief operations officer Kern Jennison, commented that “It was important to JET to ensure all FFC staff would continue employment with a similar position in Florida – it’s the people and staff that are the most important part of any company – and it’s those people we want to join the JET team”.
There is synergy between the two companies – where JET has had great success this year in emerging markets, FFC has several product lines that fit naturally into those areas. Director of business development John Brennan commented that, “The merger of JET with FFC brand and kiddie rides, will allow us to achieve our mutually held goals in established as well as emerging markets”.
In anticipation of reaching a deal, JET has spent the last few months building a large addition to its current US headquarters. All JET and FFC parts and service will be consolidated into a single state-of-the-art space. FFC’s Alex Mazon will be tasked to streamline the integration between both companies. Alex commented that, “JET’s acquisition of FFC will grow both companies faster and I am excited to use JET’s strong international presence to bring the FFC line to developing markets”. JET will be sharing some of its future products to its customers at a private showing at next month’s GTI show in Guangzhou.
“We are excited to carry on the legacy of Richard Oltmann” said CEO Justin Jennison. “When we started in the industry in 2003 and then began our manufacturing arm in 2007, Rich offered Kern and I an extensive amount of advice and support. We have always been grateful for his insight. We wish to thank Frank Sikora for being instrumental in the execution of the deal and we look forward to welcoming the entire Family Fun team to Florida”.
JET will launch a combined cutting-edge website in September that will offer distributors and customers an abundance of information including product videos, support videos, and employing new technologies for operators to track all service-related issues using mobile devices.
Additionally, JET will now offer service and support for the entire Family Fun line of products.