Irvine-based Palace Entertainment Inc., operator of Boomers in Irvine and other family amusement centers across the county, is being bought for $330 million by Spain’s Parques Reunidos SA.
The deal follows Palace Entertainment’s $200 million sale last to MidOcean Partners, a private equity firm with offices in New York and London.
Palace owns and runs more than 30 centers in eight states, some under the Boomers name and others as Raging Waters, SpeedZone, Big Kahuna’s and Wet ‘N Wild.
The centers have arcades, rides, water slides, miniature golf, batting cages and other attractions geared toward families.
Palace counts yearly sales of about $150 million.
The buy is big for Parques Reunidos, which also counts yearly sales of about $150 million.
The company runs 28 parks, including amusement parks, animal parks and water parks in eight countries. Parques Reunidos’ flagship is Parque de Atracciones and the Zoo Aquarium in Madrid.
The buy is set to close in the quarter. The Royal Bank of Scotland provided financing for the deal.
