October 4, 2021
New York, NY (October 4, 2021) – EFA Partners, a financial advisory firm that provides investment banking and strategic consulting services for companies in the entertainment and media sectors, today announced that it arranged construction and equipment financing for Supercharged Entertainment’s new 125,000 square foot multi-attraction indoor entertainment venue that will be built in Edison, New Jersey. Construction is scheduled to commence this fall with an opening planned for the summer of 2022.
This will be the third Supercharged venue developed by company principals, Steve and Sandi Sangermano. The new venue will be modeled after the very successful Supercharged venue in Wrentham, Massachusetts, outside of Boston. It will feature two multi-level quarter mile karting tracks. The two tracks can be combined to form one large track which, like the Wrentham venue, will be one of the largest multi-level indoor karting tracks in the U.S.
Supercharged Edison will feature much more than karting. It will have 26 lanes of luxury bowling, a gaming lounge, ten party rooms, a 10,000 square foot event space, a full service restaurant and bar, a pizza kitchen, and many other attractions. The venue has an excellent location in Edison which has over 2 million people within a 15 mile radius and the city is about a one hour drive from both Manhattan and Philadelphia.
“It has been great working with Steve and Sandi over the past several months,” said Ralph Willis, Managing Partner and founding principal of EFA Partners. “Their multi-attraction entertainment concept is excellent as demonstrated by the Wrentham venue which has continued to perform very well over the past several months even with mandated capacity restrictions. We’re confident that the new Edison venue will also be a very popular leisure destination given its large market and excellent demographics with its proximity to two large metropolitan areas."
EFA’s principals have over 70 years of collective experience in providing financing solutions for leisure, entertainment, and media companies. They have deep relationships with banks, equipment lessors, construction lenders, specialty finance groups, REITs, and private equity groups. The team prides itself on handling its clients’ financing processes from start to finish. For Supercharged, EFA approached a targeted list of prospective financiers, completed comprehensive materials to highlight the attractiveness of the venue and the leisure sector, introduced lenders that were previously unknown to the Supercharged team, and participated in all phases of negotiations with lenders.
“It has been a pleasure working with the EFA team,” said Steve Sangermano, principal of Supercharged Entertainment. “Their experience with arranging financing for leisure venues and their lender relationships were instrumental for the development of our new venue in Edison. We have plans to continue building new Supercharged venues in the near future and we plan on continuing to work with the EFA team for our financing needs.”
About EFA Partners
EFA Partners is a boutique financial advisory firm with offices in New York and Atlanta. It provides investment banking services focused on arranging growth capital, mergers and acquisitions, and financial consulting services. Its targeted sectors include family entertainment centers, movie theaters, theme parks, water parks, casinos, film and media service companies, communications service companies, concert venues, music, hospitality, sports, and others. Since its inception in 2009, EFA has been retained by over 170 clients, having arranged and advised on over $4.5 billion of capital.