M&A · Industrials · Services-Miscellaneous Amusement & Recreation
Blake Sartini to acquire Golden Entertainment, Inc.
Announced Nov 6, 2025 · Closed Apr 30, 2026
Deal value—
Premium41.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Blake Sartini
- Target
- Golden Entertainment, Inc. (GDEN)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Apr 30, 2026
Deal protections
- Break fee (target pays)
- $37.0M
- Reverse fee (buyer pays)
- $10.0M
- Go-shop
- Go-shop
- Financing
- Committed · Santander, Macquarie
Advisors
- To the acquirer
- Santander
- To the target
- Macquarie
- Macquarie fee
- $9.0M
Sector context · Industrials
- Comparable deals
- 96 in the prior 24 months
- Premium
- 41.0% vs. 37.0% sector median
- EV / Adj. EBITDA
- Sector median 9.4x
- Break fee
- Sector median 2.5%
Timeline
- AnnouncedNov 6, 2025
- Proxy filedDec 5, 2025
- Definitive proxyMar 6, 2026
- Shareholder voteMar 31, 2026
- ClosedApr 30, 2026
Valuation · fairness opinions
Trading comparables$1,125.00$1,270.00
Trading comparables$27.96$33.33
Trading comparables$1,058.00$1,212.00
Trading comparables$25.50$31.18
Trading comparables$1,038.00$1,195.00
Implied value per Golden Entertainment, Inc. share by analysis, from Macquarie.