Pennsylvania-based Larsen MacColl (Larsen) has acquired a majority stake in amusement rides company, S&S Worldwide (S&S).
Larsen was already the company's largest shareholder, having gained a significant equity interest in S&S in February 2009. This latest acquisition includes all the shares previously held by S&S founder, Stan Checketts.
The Koffman family and affiliated shareholders will maintain their ownership interest in S&S and will be represented on the board of directors by Jeffrey Koffman. Checketts, now no longer a shareholder, has ended his consulting relationship with the company in order to pursue other business interests.
Larsen said it anticipated continued strong growth by S&S, both domestically and internationally, with the company continuing to be led by Rich Allen, president and CEO.
Kevin Rohwer will stay on as vice president, sales and marketing.
Image: S&S's Sky Swatter ride
