EFA Partners served as the exclusive advisor for Stone Theatres in its sale to Georgia Theatre Company, emphasizing strategic growth in the cinema market.

Target Information

Stone Theatres, founded in 2008 by Herman Stone, and operated by Herman and Justin Stone, is a movie theater chain located in the Carolinas. With a commitment to providing exceptional cinema experiences, the company operates theaters including the Sun Valley 14 in Indian Trail, North Carolina, which opened in 2012, and the Grand 14 in Myrtle Beach, South Carolina, established in 2008. The Sun Valley 14 features 14 stadium auditoriums, rocker seating, and a PDX premium large format auditorium, while the Grand 14 boasts similar amenities, all set within a premier lifestyle center offering traditional concessions along with beer and wine.

Both theaters have garnered a strong reputation for their offerings and service. EFA Partners served as the exclusive sell-side advisor in facilitating the sale of these theaters to Georgia Theatre Company, a prominent player within North America's film exhibition industry.

Industry Overview

The cinema industry in the United States has shown resilience and adaptability throughout changes in consumer viewing habits and technological advancements. Despite the rise of streaming services, traditional cinema has maintained its appeal due to the unique exp