AMC Entertainment has purchased the company which operates 33 movie theatres with 346 screens in 12 states.
The deal comes three years after Trinity Hunt’s started its partnership with Starplex Cinemas’ management team. In December 2012, the private equity firm completed a merger of former portfolio company, ShowPlex Cinemas, and Starplex to create the company.
In those three years, Trinity Hunt has helped the company execute a strategic growth plan which resulted in revenues and theatre-level cash flow growth of greater than 45 percent.
Trinity managing partner Dan Dross said, “We have greatly enjoyed working with the Starplex Cinemas management team to grow their theatre circuit and enhance their reputation for providing customers with state-of-the-art amenities.
“Our partnership proved to be successful, and with AMC, Starplex’s theatres are well positioned to continue providing a premiere movie-going experience.”
Earlier this year, Trinity bought a majority shareholding of wholesale car sales company America’s Auto Auction (AAA).
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