CHICAGO–(BUSINESS WIRE)–Accel Entertainment, a leading distributed gaming operator, today announced that it has completed the acquisition of 85% of the ownership interests of Toucan Gaming, LLC and LSM Gaming, LLC, two Louisiana-based route operators and owners of multiple licensed video poker establishments, for approximately $40 million. The combined business will operate as Toucan Gaming throughout Louisiana and will be led by Stan Guidroz, an industry-leading gaming executive and current CEO of Toucan Gaming. Mr. Guidroz owns the remaining 15% of Toucan’s ownership interests and will lead the Accel team supporting Toucan’s continued growth.
Transaction highlights include:
- A business that is expected to generate approximately $25 million of revenue and $6 million of Adjusted EBITDA in 2025;
- Further expansion of Accel’s operations into the southeastern United States;
- Adds 13 truck stop locations which include a total of 450 terminals; and
- Adds 60 3-machine locations which include a total of 180 terminals.
Accel CEO Andy Rubenstein commented, “The acquisition of Toucan further expands Accel’s reach into the attractive southeastern U.S., market, where we believe there is significant untapped demand and aligns with our ongoing strategy to expand Accel’s presence both organically and through acquisitions. Toucan is a well-run and highly respected company that shares many of Accel’s values and entrepreneurial attributes. I am confident Toucan is the perfect partner for our company, and we look forward to helping Stan grow the brand.”
“Today’s announcement with Accel is an exciting next step for the evolution of Toucan Gaming,” said Stan Guidroz, Owner and CEO of Toucan. “By partnering with an industry leader like Accel, we can quickly accelerate our growth plans and leverage the many benefits that increased innovation and scale brings to our establishment owners and playing customers. We could not be more thrilled to become a part of the Accel family and look forward to bolstering Accel’s presence in the southeastern U.S. market under the Toucan brand.”
About Toucan
Toucan is Louisiana’s fastest growing gaming and amusements provider. It is set apart from others by its entrepreneurial and ambitious team focused on creating outstanding gaming experiences and developing the most profitable gaming locations. Toucan Gaming uses the latest equipment and technology along with a Relax & Enjoy vibe to elevate the gaming experience. Toucan’s sales and support is statewide, with offices in Shreveport, Lafayette, and coming soon to New Orleans.
About LSM
LSM Gaming started as a family-owned Louisiana video poker gaming company and has been in business for decades as a licensed Louisiana device owner and establishment operator. The Company has assets placed in the northwest Louisiana tri-parish area including a portfolio of eight truck stop accounts and approximately thirty (30) 3-machine locations, along with a tenured and experienced staff. The company has been managed by Mr. Guidroz for the past three years.
About Accel
Accel is a leading distributed gaming operator in the United States and a preferred partner for local business owners in the markets it serves. Accel offers turnkey full-service gaming solutions to authorized non-casino locations such as bars, restaurants, convenience stores, truck stops, and fraternal and veteran establishments across the country. Accel installs, maintains, operates and services gaming terminals and related equipment for its location partners as well as redemption devices, stand-alone ATMs and amusement devices, including jukeboxes, dartboards, pool tables, and other entertainment related equipment. Accel also designs and manufactures gaming terminals and related equipment.