PPC-backed Entertainment Cruises buys Gananoque Boat Line
Entertainment Cruises has acquired Gananoque Boat Line (GBL), a Gananoque, Ontario-based tour boat operator in the Thousand Islands. No financial terms were disclosed. The sellers were Harry Clarke and Chris McCarney. The business will continue to operate independently under the existing GBL brand and remain headquartered locally. Entertainment Cruises, a Chicago-based dining and sightseeing cruise company, said the deal, which follows last year's acquisition of Toronto-based Mariposa Cruises, extends its Canadian presence and grows its portfolio to 53 vessels. Entertainment Cruises is a portfolio company of PPC Partners, a U.S. mid-market private equity firm.
2 May 2019•4 mins read
