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Supercharged Entertainment Opens New Venue in Edison, NJ with Financing Arranged by EFA Partners

December 19, 2022

Edison, NJ  (Dec. 19, 2022) -- Supercharged Entertainment, the world's largest indoor, multi-level karting track and premier entertainment venue opens its second U.S. location today in Edison, NJ. Located at 987 US-1 in Edison, NJ right next door to TopGolf, Supercharged Entertainment Edison is the company's second, and largest U.S. location behind their flagship complex which opened to enthusiastic crowds in June of 2019 in Wrentham, Massachusetts, just a few minutes south of Gillette Stadium.

Supercharged Entertainment Edison, NJ is a world class, 131,000 square-foot, karting and premier entertainment experience. The sprawling, 16-acre complex features: the world's largest indoor, multi-level, temperature-controlled Karting Track with two uniquely designed tracks which can be combined into one 80,000 square-foot Supertrack

19 lanes of Luxury Axe Throwing with spacious private lounge seating, food and bar service, and interactive projection targets and competitive games which make it fun for everyone, with no skill or experience required

An enormous, two-story Arcade & Gaming Area which boasts nearly 160 games, including several thrilling Virtual Reality experiences such as The Big Ride and King Kong Skull Island which are insanely fun for kids of all ages. Plus, there's an expansive Prize Center to ensure everyone leaves a winner

The Drop & Twist Tower is an exhilarating and exciting, two-story attraction that spins, drops, passes through all floors of the facility while the rider views the wonders of all that Supercharged Entertainment Edison has to offer

The Bionic Bumper Cars arena offers the best and most spacious, indoor bumper car experience, and is perfect for individuals, families, friends, coworkers, or any group looking for exciting bumper car fun

Burgers & Brews, a full-service restaurant featuring amazing burgers, fresh cut French fries, and insane milk shake mugs. For those over 21, Supercharged Edison offers two full-service bars featuring over 30 beers on tap, world class cocktails and specialty bar beverages all in a sports bar setting with TVs and big screens

Versatile and spacious Group & Event areas suitable for all occasions and sizes, with catering available

Supercharged Entertainment Edison, NJ is the second United States location for the company, with its widely popular flagship location in New England in Wrentham, MA just a few minutes south of Gillette Stadium. The choice of Edison, New Jersey is the inspiration of Stephen and Sandra Sangermano who serve as the company's President and CEO. The Edison complex finally brings the Sangermano's three-year vision and journey to reality; to bring to New Jersey and the entire tri-state region the world's most spectacular, thrilling, and fun-filled karting and entertainment destination.

"Sandi and I are thrilled to open what we believe is New Jersey's and the world's best, all-in-one karting and entertainment venue," said Stephen Sangermano, President. "Supercharged Entertainment Edison has something for everyone – couples, families, kids, groups, and companies."

"We're beyond excited to show all of New Jersey, New York, and Pennsylvania the exhilarating and insane fun our Edison location has to offer," added Sandra Sangermano, CEO. "Thank you to Mayor Joshi and the entire Edison, New Jersey community for welcoming us so warmly."

Supercharged Entertainment Edison is fun for all ages and ready to host kids, adults, families, groups, and companies who crave the excitement and adrenaline rush of authentic, indoor karting. All their 18-horsepower karts possess incredible torque and acceleration, resulting in an exhilarating and thrilling ride. Plus, their all-electric vehicles produce zero emissions, making it a more enjoyable and environmentally friendly experience on the 80,000 square-foot, temperature-controlled track. Supercharged Entertainment Edison has racing for the whole family; all kids 4'10" and above are welcome.

Above and beyond the world's most adrenaline charged, karting experience, Supercharged Entertainment Edison has 19 lanes of Luxury Axe Throwing complete with spacious private lounge seating, food and bar service, and interactive projection targets and competitive games. An enormous, two-story Arcade & Gaming Area offers nearly 150 games, including several thrilling Virtual Reality experiences such as The Big Ride, King Kong Skull Island, and much more. The Drop & Twist Tower is an exciting, two-story attraction that spins, drops, and passes through all floors of the facility. The Bionic Bumper Cars arena offers the best and most spacious, indoor bumper car experience, and is perfect for individuals, families, friends, coworkers, or any group looking for insane bumper car fun.

Supercharged Entertainment Edison is also the home of Burgers & Brews, a full-service restaurant featuring amazing burgers, fresh cut French fries, and insane milk shake mugs. For those over 21, there are two full-service bars featuring over 30 beers on tap, world class cocktails and specialty bar beverages all in a sports bar setting with TVs and big screens. It's the perfect destination to host any occasion, corporate event, team building exercise, or family outing such as birthday parties, milestones, private events, bachelor(ette) parties, corporate meetings, student field trips, charitable fundraisers, and bar/bat mitzvahs.

 

Leading provider of digital media services for film and television

Background: Seasoned management team formed new film and television digital media services company and approached EFA to arrange financing for potential acquisition targets.

EFA Process: The company retained EFA to arrange acquisition financing and EFA approached several banks and specialty lenders.

Result: Closed debt financing to support two company acquisitions and working capital facility.

start quoteWe selected EFA as our advisor due to their financial experience specific to the film and television services sector. The past year has been tremendous for us as we significantly grew our business with EFA arranging financing that allowed us to execute on our growth plans very quickly. end quote

John Suh
Co-Founder and Co-President of  Pixelogic

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Television broadcast company owning and operating WGGB-TV and WGGB-TV D2, the ABC and FOX network affiliates serving the Springfield-Holyoke, MA market

Background: Initially approached by Gormally Broadcasting to arrange financing to recapitalize the company and fund planned acquisition growth. EFA became company’s sell-side advisor when industry changes and market forces made exploring a sale a more advantageous and financially rewarding strategic option for the company.

EFA Process: EFA was successful in securing financing commitments to fund a recapitalization and several acquisitions during the initial engagement focus. However, marketplace dynamics noted above resulted in EFA recommending a company sale. EFA provided a tailored, results-oriented approach from start to finish.

Result: EFA identified Meredith Corporation (NYSE: MDP) as the leading buyer and managed all aspects of the sale, maximizing the sales price received for the company.

start quoteIt was a pleasure working with Dave Harrington and the team at EFA. Through Dave’s deep industry knowledge, relationships and marketplace expertise, we were able to maximize the ultimate value of our company’s broadcast assets. end quote

John Gormally,
Founder, Owner and President of Gormally Broadcasting

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Growing movie theatre company that provides an in-theatre dining experience with over 300 screens throughout the US

Background: Longtime client that initially approached EFA seeking junior capital to grow its business.

EFA Process: After reviewing the company's capital structure and growth plans EFA recommended a financing structure that would recapitalize the company and provide significant growth capital.

Result: Closed three financings that recapitalized the company and provided growth for new theatres. Studio Movie Grill also retained EFA for M&A opportunities and to assist with restructuring process.

start quoteWe were delighted to work with the EFA Partners team on our second successful financing with them. Their wide range of capital markets experience, banking relationships and deep knowledge of the cinema and location-based entertainment industries made them the perfect choice to assist with our financing efforts, which support SMG's active growth strategy. end quote

Brian Schultz,
Owner, founder and President of Studio Movie Grill

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Television and motion picture post-production and digital content management services

Background: Company approached EFA seeking refinancing of its debt subsequent to other advisors attempting to do so with a combination of senior debt and equity.

EFA Process: After reviewing its capital structure EFA recommended a debt structure to fully refinance the company's debt.

Result: Closed senior debt facility that refinanced the company's existing debt, which was much more cost-effective than equity.

start quoteThe EFA team proposed a creative strategy to recapitalize Modern VideoFilm that met our needs in a way that was unique and different from what other financial advisory firms proposed to us. We appreciated their understanding of the entertainment industry and EFA's extensive financial relationships and we look forward to continuing our relationship. end quote

Moshe Barkat,
CEO and President of Modern VideoFilm

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Mark Cuban and Todd Wagner's well established movie theatre company - with almost 300 screens located throughout the US

Background: Landmark approached EFA for an equipment financing to convert its screens from 35mm to digital projection.

EFA Process: While the company had many financing options given its strong ownership, its management was busy with business operations and retained EFA to handle the digital conversion financing process.

Result: Closed equipment financing facility utilized for all of its digital projectors. EFA led all aspects of the financing including negotiation of complex digital cinema conversion agreements.

start quoteEFA's unique knowledge and experience with film exhibition and digital cinema was extremely helpful in leading our financing process. Landmark prides itself in providing the best customer experience to its patrons and we are excited that this financing will allow us to continue that with our digital conversion. end quote

Sky Hansen,
Chief Financial Officer of Landmark Theatres

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Provider of digital information services to the film industry

Background: Company approached EFA seeking funding to refinance debt and provide growth capital.

EFA Process: After reviewing its capital structure and growth plans, EFA approached the specialty lender market and arranged debt facility. Subsequently, company retained EFA as sell-side advisor. 

Result: Arranged debt for refinaning existing debt and for growth. Also, handled sale process from start to close for successful sale of business.

start quoteIt was a pleasure to work with the team at EFA Partners who served as our advisor on the sale of West World Media. Through deep industry knowledge, relationships and marketplace expertise, we were able to achieve a successful outcome. end quote

Brett West
Founder and President of West World Media

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Television industry management group formed to manage and operate US TV stations

Background: Huntington approached EFA seeking capital for potential television station acquisitions.

EFA Process: EFA understood that private equity firms and lenders are seeking experienced management teams to back for acquisition opportunities in the television sector.

Result: EFA has introduced the company to several private equity firms as well as senior lenders, resulting in bids for groups of television stations and the company continues to seek other opportunities, with EFA’s assistance.

start quoteWe are acutely aware of the trends that are transforming the local broadcast TV business and have recently begun to explore opportunities to acquire stations. We are very excited about the prospects for the industry and the opportunities to capitalize upon. We are also pleased to have EFA Partners as our financial advisor as their many years of media industry experience and extensive financial relationships will help us accomplish our goal of building a best-in-class station group.

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David Tynan,
CEO of Huntington Broadcast Management Group

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