Eagle Global, a women and minority-owned distributed gaming provider based in Georgia, entered into a $50 million financing agreement with the private credit business within Goldman Sachs Asset Management to finance the combination of two coin operated amusement machine (COAM) businesses. The combination of these businesses makes Eagle one of the leaders within the COAM industry in the state. The agreement includes committed capital available to finance the future expansion of Eagle through acquisition of additional distributed gaming providers in the region and other growth capital expenditures.
The team at Eagle is comprised of experienced operators and private equity investors with more than 40 years in the industry.
“We are proud of the team that has grown the business over the past 12 years and are thankful for the support of our customers, our team, and the Georgia Lottery Corporation whose steadfast leadership has helped institutionalize our industry while simultaneously serving the needs of thousands of Georgia residents through their commitment to the various educational programs such as the HOPE and Pre-K scholarships here. We are committed to expanding the opportunity set for leadership by women in areas where there is little representation and, in Goldman Sachs, we have found a partner that shares our vision for a more inclusive platform that offers customers superior levels of service,” Michelle Franklin, co-founder and CEO of Eagle, said.
“We are excited to partner with Michelle, Antonia, and the Eagle team, who we believe embody the qualities we seek in strong management teams. Through their customer value proposition and focus on compliance, we see a compelling opportunity for the company to continue to grow both organically and through acquisitions to increase its competitive footprint in the COAM market,” the team at Goldman Sachs Asset Management said.
