Tuesday, September 1, 2015

Scott And Carol Present Breaking News - There's More Than Corn in Indiana. Indiana Beach Sold to Apex Parks Group

After eight seasons of trouble and turmoil Morgan RV has finally decided to get out of the amusement park business. Which is great news for those of us who love traditional amusement parks. and great news for the park it's self. The Apex Parks Group announce the acquisition of Indiana Beach Amusement Resort today

In 2016 Indiana Beach will celebrate their 90th Anniversary, It all started with Indianapolis businessman, Earl Spackman creating a sand beach along the shore of the newly formed Lake Shafer. And, had since grown into a wonderful family vacation spot.  

Here is the press release from the Apex Parks Group website

Indiana Beach Amusement Resort Is the Newest Member of Apex Parks Group

Aliso Viejo, CA – September 1, 2015 California-based Apex Parks Group (“Apex Parks”) is pleased to announce the acquisition of Indiana Beach Amusement Resort (“Indiana Beach”). This is the second significant addition to the company since its founding less than a year ago.

Indiana Beach is located on the banks of Lake Shafer in Monticello, Indiana. 2016 will mark the 90th anniversary of the park which has established itself as a true family vacation destination, spanning a total of 376 acres. The amusement park boasts a broad array of family entertainment and thrills; including one of the top wooden roller coasters and steepest drop steel roller coasters in North America. The theme park boasts children’s rides, zip lines, a waterpark, an arcade, miniature golf, traditional amusement park games and much more. Indiana Beach also offers more than 1200 accommodation alternatives, including 42 in-park motel rooms, 114 cabins, cottages & townhomes, over 1180 campsites, and 100 boat docks.

Apex Parks Group CEO, Al Weber, Jr. explains: “Indiana Beach is a fabulous addition for us. We are pleased to work with the park team and local community to grow this jewel of a resort in mid-state Indiana. We look forward to building upon the 90 year heritage of this park and providing families with a life time of great memories.”

The General Manager of Indiana Beach, John Collins, is optimistic about the future of the park. “This is a very big and meaningful step for Indiana Beach. In our 90-year history, Indiana Beach has developed a loyal following of family visitors. We believe the resources that Apex Parks brings to Indiana Beach will provide us opportunity for expansion and improved infrastructure. We're very confident that, as part of Apex Parks Group, we will take this great property and take it to the next level.”

“Over the past 8 seasons we have prided ourselves in keeping the history and nostalgia of Indiana Beach while investing in the future of the resort by upgrading and adding amenities, accommodations and attractions.  This is an exciting time for Indiana Beach," said Bob Moser, former owner of Indiana Beach. “With the decades of experience Apex Parks brings, we are certain they are committed to providing a high quality experience for our guests for years to come.”

Al Weber adds, “Our management team and investor group led by Broad Sky Partners and the Edgewater Funds Group are committed to building Apex into a valuable out-of-home entertainment business. The addition of Indiana Beach is a leap toward achieving this goal.”

Indiana Beach will continue to operate the remainder of its regular 2015 schedule and will be open September 4 – 7 for Labor Day weekend, and September 12, 13, and 19. For park information and operating hours, please visit www.indianabeach.com

About Indiana Beach Amusement Resort
Indiana Beach is located in Monticello, Indiana on Lake Shafer. The amusement resort was founded in 1926 and features a Boardwalk Funway, six roller coasters, 41 rides, a one-of-a-kind zipline over Lake Shafer, an aerial ropes course, Kiddyland, the Shafer Queen sightseeing paddlewheel boat, two campgrounds, rental accommodations, and an on-property hotel. Indiana Beach’s current water park, Ideal Beach, includes the original swimming pool with sand beach, water slides, an action river, and kid’s spray area. For more information, please visit www.indianabeach.com.

About Apex Parks Group
Apex is a privately held company based in Aliso Viejo, California with 13 Family Entertainment Centers and 2 Water Parks in California, Texas, Florida, and New Jersey. Apex Parks Group is currently one of the largest owners of Family Entertainment Centers in the United States. Apex Parks was founded in 2014 to acquire and operate best-in-class out-of-home entertainment assets and is committed to excellence, to the communities we serve, and to delivering value that exceeds expectation. For more information, please visit www.apexparksgroup.com.

About Broad Sky Partners
Broad Sky Partners is a sector-focused, middle market private equity firm that invests in companies in the Media, Communications & Business Services (MCBS) and Consumer Products & Services sectors.  Broad Sky partners with outstanding managers to create sustainable value in companies with strategic importance.  With a focus on driving organic growth, Broad Sky leverages a deep bench of Operating Executives and the significant industry-specific experience of its Founding Partners and professionals to help companies realize their maximum potential. Additional information can be found at www.broadskypartners.com.

About The Edgewater Funds
The Edgewater Funds is a Chicago-based private equity firm with $1.4 billion in committed capital. Edgewater partners with management to help accelerate growth in their businesses. Edgewater focuses on funding high quality middle market companies to add substantial value through capital and experience. Edgewater leverages the experience of its Partners and the Executive Advisory Board who have distinguished themselves as successful CEOs and business leaders. For more information, please visit www.edgewaterfunds.com.

We are very pleased with this news and would like to extend a warm Hoosier welcome to Apex Parks Group!