AUSTIN, Texas – Acacia Partners (“Acacia”), an Austin, Texas based investment firm, completed a majority recapitalization of A&A Global Industries, LLC (“A&A” or “Company”), a premier nationwide value-added distributor of novelty toys, candy, and redemption prizes to family entertainment centers (“FEC”), vending route operators, and amusement companies. Acacia’s partnership with A&A will help the Company continue its significant organic growth and opportunistically source and execute add-on acquisitions.

“Given that we are a third-generation family-owned business, we emphasized finding a partner that could not only help us grow but would also be conscientious of maintaining our Company’s core values” said Steve Kovens A&A’s Co-President. “Acacia demonstrated strong dedication to focusing on our employees and company culture.”

Brian Kovens, A&A’s Co-President stated, “Another matter of importance for us was finding a partner that shares our time horizon. Acacia’s permanent capital base ensures that we can focus on managing the business for long-term success and serving our customers while keeping our employees happy.”

A&A represents Acacia’s sixth platform investment since its founding in 2013.

Brad Johl of Acacia Partners noted, “Brian, Steve and their team have built an incredible business. We are proud to invest in a company with an 80+ year track record of serving its customers. The cultures of A&A and Acacia align perfectly, and we are very excited about the future growth prospects of the Company.”

“A&A is part of a growing trend in entertainment and retail. We see many years of strong unit growth ahead for family entertainment centers, and A&A will be a valued partner to support the industry’s expansion.” said Jeff Sokol of Acacia Partners.

Greg Maletsky of Acacia Partners said, “In addition to strong organic growth prospects, we are impressed with A&A’s proven ability to invest in strategic add-on acquisitions. With Acacia’s capital base, we are confident that we can continue to be an attractive acquiror for similar niche suppliers looking to join a quality platform.”

The Company was advised by Cross Keys Capital. This was the second platform investment that Acacia Partners has completed with Cross Keys.

Rick Becker of Cross Keys stated, “This is the second time we have had the pleasure of closing a transaction with Acacia Partners. Their ability to close quickly while maintaining an incredible relationship with Brian and Steve is truly impressive.”

Truist Bank provided the debt financing for the transaction.

About A&A Global, Industries, LLC

Founded in 1938, A&A is a nationwide value-added distributor of novelty toys, candy, plush (stuffed animals) and redemption products to family entertainment centers, vending route operators, and amusement companies. Headquartered in Baltimore, Maryland, A&A is an industry leader known for its innovative product offering, comprehensive safety testing, and ease of doing business. Learn more at https://www.aaglobal.com/

About Acacia Partners

Acacia Partners is a private investment firm based in Austin, Texas that invests only in family-owned and owner-operated companies. Acacia invests from a committed capital fund in businesses ranging in enterprise value from $50 million to $300 million that are seeking majority or minority equity investment partners. Unlike traditional private equity firms, Acacia has a high degree of flexibility regarding investment structure and time horizon.

Acacia offers a compelling proposition to entrepreneurs, operators and family owned/operated businesses seeking capital, including:

• Appreciation for the unique characteristics that give family businesses a competitive advantage and a strong desire to maintain that culture post-investment
• Small appetite for leverage, with a focus on generating returns through growth and operational excellence rather than financial engineering
• Patient, long-term capital to match the needs of owners and maximize value through opportunistic exits
• Access to a vast network of family office contacts to drive strategic introductions, growth and operational excellence

For more information on Acacia Partners, please visit www.acaciapartnersllc.com.