Fruition-backed Five Star Parks & Attractions acquires three Malibu Jack’s Kentucky locations

• This brings Five Star’s holdings to 16 family entertainment centers in eight states with one new Malibu Jack’s location expected to open in September 2022
• Malibu Jack’s founders and leadership team will remain actively involved developing and opening additional Malibu Jack’s parks on behalf of Five Star
• Fruition invests in the lower middle market

Five Star Parks & Attractions, a portfolio company of Fruition Partners, has completed the acquisition of three Kentucky locations of Malibu Jack’s Indoor Theme Parks. The acquired venues are in Lexington, Louisville, and Ashland, Kentucky. No financial terms were disclosed.

This brings Five Star’s holdings to 16 family entertainment centers in eight states with one new Malibu Jack’s location expected to open in September 2022.

Malibu Jack’s founders and leadership team will remain actively involved developing and opening additional Malibu Jack’s parks on behalf of Five Star.

“Since our inception, Five Star Parks & Attractions has been focused on finding partners who have developed creative ways to really make a difference in our industry,” said John Dunlap, Five Star’s CEO, in a statement. “With Malibu Jack’s team, we can deliver on a promise of year-round family fun but also to repurpose existing buildings and make positive impacts on their communities.”

Other Five Star locations include all three locations of The Track Family Fun Parks in Branson, Missouri; two locations of Dubby’s Attractions in Branson and three in Pigeon Forge, Tennessee; and all five locations of Celebration Station, in the prime suburban locations of Clearwater, Florida; Baton Rouge, Louisiana; Greensboro, North Carolina; Oklahoma City, Oklahoma; and Mesquite, Texas.

Fruition is a lower-middle market private equity firm. Its founders have invested in more than 75 companies, raising more than $4 billion of equity capital.