Marcus Corp. to acquire Nebraska theater chain
Marcus Theatres Corp., a division of Milwaukee-based Marcus Corp., has signed an agreement to acquire selected assets of the Douglas Theatre Co. theatre circuit in Lincoln, Neb., for approximately $40.5 million in cash, subject to certain closing adjustments.
Marcus Theatres will acquire and operate, through a subsidiary, seven Douglas Theatres locations with a total of 83 screens in Omaha and Lincoln. Douglas Theatres will continue to operate the Cinema Center Theatre in Omaha for an undetermined period of time, and will also close, but continue to own the Cinema 9 property in Omaha.
Marcus Theatres has agreed to purchase, subject to certain conditions, an additional site for the development of a new theatre in LaVista, Neb., for approximately $4.4 million, and has an option to purchase another undeveloped site in North Lincoln.
Douglas Theatres is the nation’s 42nd-largest theatre circuit, currently operating 100 screens at nine locations in Nebraska. Upon completion of the transaction, Marcus Theatres will operate 678 screens at 56 locations in seven states and remain the seventh-largest exhibitor in the United States.
Bruce Olson, president of Marcus Theatres, said, "Ever since our company entered the theatre business with a small-town theatre in Ripon, Wis., in 1935, Marcus Theatres has been a leader in the exhibition industry. Marcus Theatres was among the first circuits to convert the vast majority of its first-run auditoriums to digital sound and stadium seating. Our company has also consistently been at the forefront of innovation in the industry, with our UltraScreen concept, comfortable high-back seats, online print-at-home ticketing, lobby entertainment on flat-screen monitors, self-service soft drinks and other amenities. We have a tradition of continually upgrading our theatres and adding new features and services that make the movie-going experience better than ever. We look forward to serving the customers of Douglas Theatres in Omaha and Lincoln."
Manpower to acquire LA recruiting firm
Milwaukee-based Manpower Inc. has entered into an agreement to acquire CRI Inc., a recruitment process outsourcing service provider based in Los Angeles, Calif. CRI is privately held, and terms of the acquisitions were not disclosed.
When the transaction is complete, CRI will operate under the Manpower Business Solutions service line.
“This acquisition of CRI is part of our strategy to strengthen our presence in the rapidly growing RPO market. Our leadership in RPO allows us to help our clients grow nationally, as well as globally, by providing them with access to an experienced network of recruitment professionals who specializes in recruiting key talent such as sales, IT, engineering and finance professionals,” said Jonas Prising, President of Manpower North America.
Manpower Business Solutions is a global Manpower service line where the company takes on the management of customized, large-scale recruiting and workforce-intensive initiatives for clients, including managing a company’s entire recruitment process. Through MBS, Manpower currently delivers RPO solutions to clients in over 20 countries worldwide.