M&A · Industrials · Services-Miscellaneous Amusement & Recreation
HOFV Holdings to acquire Hall of Fame Resort & Entertainment Co
Announced May 8, 2025 · Closed Dec 31, 2025
Deal value$6MEV $247M
Premium28.6%To unaffected price
EV / Adj. EBITDA—11.7x EV / Revenue
ConsiderationAll cash$0.90 per share
Transaction
- Acquirer
- HOFV Holdings
- Target
- Hall of Fame Resort & Entertainment Co (HOFV)
- Buyer type
- Strategic
- Offer price per share
- $0.90
- Enterprise value
- $247M
- Status
- Closed Dec 31, 2025
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Wedbush
Sector context · Industrials
- Comparable deals
- 86 in the prior 24 months
- Premium
- 28.6% vs. 38.0% sector median
- EV / Adj. EBITDA
- Sector median 9.1x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedMay 8, 2025
- Proxy filedJul 1, 2025
- Definitive proxyAug 8, 2025
- Shareholder voteSep 16, 2025
- ClosedDec 31, 2025