ShowBiz Cinemas acquired by Austin-based company

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Two Texas-based theater entertainment companies have combined in a deal that expands Austin-based EVO Entertainment Group’s footprint to new markets including Houston.

EVO Entertainment has acquired 100 percent of the stock of Dallas-based ShowBiz Cinemas in an all-cash deal, the companies announced. The acquisition price was not disclosed.

Founded by Mitch Roberts in 2014, EVO Entertainment is backed by Austin-based Marbella Interests, which manages investments for the family of former Parsley Energy CEO Bryan Sheffield. The “out-of home” entertainment company’s brands include EVO Entertainment, EVO Cinemas and EVO Concerts.

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The combined enterprise has 16 venues with 148 screens, 108 bowling lanes, nine restaurants and bars, a 3,000-capacity live music venue, and more than 30,000 combined square feet of gaming and attractions across Texas, Florida, Oklahoma and Wyoming. Several additional venues are on track to open in the coming months.

Founded by Kevin Mitchell in 2007, ShowBiz Cinemas operates seven locations with 89 screens and 70 bowling lanes in four states. The chain has area locations in Kingwood, Humble, northeast Houston and Baytown.

 



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