Five Star Parks & Attractions, a Fruition Partners Portfolio Company, Acquires Malibu Jack’s Venues in Kentucky

Three indoor theme parks join growing portfolio of family entertainment centers

DENVER, July 27, 2022 /PRNewswire/ — Five star parks & Attractionsa portfolio company of Fruition Partners, has completed the acquisition of three sites of Malibu Jack’s indoor theme parks in the cities of Lexington, Louisvilleand Ashland, Kentucky. This brings Five Star’s holdings to 16 Family Entertainment Centers (FECs)* in eight states with a new Malibu Jack’s location should open in September 2022.

Five Star continues to seek out FEC partners who are already employing creative practices within the industry and are interested in building on the expertise and financial support offered by Five Star’s leadership team. Malibu Jack’s the founders and the management team will remain actively involved in the development and opening of other Malibu Jack’s parks on behalf of Five Star.

Five Star was attracted by Malibu Jack’s due to the company’s innovative approach to creating “indoor theme parks” by turning vacant buildings into entertainment spaces rather than constructing new sites from scratch.

“Since our inception, Five Star Parks & Attractions has been focused on finding partners who have developed creative ways to truly make a difference in our industry,” said John Dunlap, CEO of Five Star. “With the team at Malibu Jack, we can deliver on the promise of year-round family fun, but also repurpose existing buildings and positively impact their communities. We look forward to working with them.” to see what we can do to do Malibu Jack’s a household name from coast to coast.”

Malibu Jack’s adds another compelling growth channel for Five Star Parks & Attractions as we continue to develop new locations across the country. Five Star has the leadership team, systems and processes to continue to grow with newly developed sites as well as partnerships with major FEC operators across the United States,” said Jay Coughlonmanaging partner of Fruition Partners.

Other five-star locations include the three The Track family amusement park locations in Branson, Mo.; two Dubby’s Attractions locations in branson and three in Pigeon Forge, Tennessee; and the five Celebration Station locations, in the main suburban locations of Clearwater, Florida; Baton Rouge, Louisiana; Greensboro, North Carolina; Oklahoma City, Oklahoma; and Mesquite, TX.

About Malibu Jack’s
Malibu Jack’s operates huge indoor theme parks with rides and games for guests of all ages. Each year, nearly one million guests experience go-karts, miniature golf, bowling, thrill rides, kids’ zones, virtual reality attractions, arcade games and more . Malibu Jack’s locations provide space for large corporate events, field trips, birthday parties and holiday events.

About Five Star Parks and Attractions
Five star parks & Attractions is a platform created to partner with and invest in leading Family Entertainment Centers (FECs), instituting positive change aimed at creating superior entertainment experiences for families. Five Star partner properties benefit from the passion and expertise of leaders who have spent their careers in the entertainment and hospitality industries, as well as the financial support needed to create better guest experiences (eg. , new attractions, improved food and drink, etc.) and long-term success. As part of its strategy for continued growth, Five Star is interested in hearing from existing FECs who may be interested in partnering with one of the largest FECs in the United States.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC


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