A major stockholder in Orlando-based Falcon’s Beyond has announced that it intends to acquire a company that specializes in ride and show systems.
The deal sets an expectation that Falcon’s would operate Oceanic Entertainment Systems, though the company plans to continue to employ “key OES staff” for the operations.
The announcement came on the second day of the industry’s behemoth trade show, International Association of Amusement Parks and Attractions, or IAAPA.
Infinite Acquisitions Partner LLC is the lead agency for this acquisition of assets.
The deal is an effort to grow OES, said Lucas Demerau, president of Infinite.
“We believe that Falcon’s expertise in experiential themed entertainment and technology makes them a great fit and they’ll be able to operate and further amplify the OES brand,” he said in a release announcing the news.
OES and Falcon’s have been collaborators on themed entertainment for more than two decades. OES develops and supports trackless ride vehicles, flying theaters and other features.
The deal has not been finalized, with the companies saying in the release that there remain “ongoing discussions, due diligence and the execution of binding agreements,” with no guarantee of the deal moving forward.
“We are thrilled to pursue the opportunity to operate OES and to build upon OES’ legacy of innovation powered by world-class employees,” said Cecil D. Magpuri, CEO of Falcon’s Beyond. “This strategic move would further bolster Falcon’s Beyond’s platform as a world-class entertainment provider.”