J&J Ventures Gaming Acquires Tap Room Gaming
December 27, 2019 (EFFINGHAM, IL) – J&J Ventures, celebrating its 90th year, announced today its acquisition of Tap Room Gaming. In the transaction, J&J is purchasing all gaming and amusement operations of Tap Room Gaming, a leading supplier of gaming technology, marketing, and customer service with a strong presence in the Chicago area. With this purchase, J&J now serves over 2000 customers in gaming and amusements.
“We are excited to merge our business efforts and expand further into the Chicago area. Tap Room Gaming brings sophisticated marketing and customer services to us. With our gaming systems and technology, the overall entertainment experience will be enhanced,” said J&J Ventures CEO, Bob Willenborg. “The J&J team welcomes all Tap Room customers and employees.” Willenborg added.
“Tap Room Gaming’s foundation has been built on customer service. We used our expertise in the industry to help drive success for our customers,” states CEO Michael Bond. “We wanted to continue this tradition and know that each establishment’s partnership we’ve built over the years will continue to succeed, which is why we’ve chosen J&J to move our customers forward.”
The Illinois Video Gaming Act was enacted and approved by Illinois lawmakers in 2009 as a way to help raise funds to repair schools and fix roads. State and municipalities share in the revenue generated through gaming. J&J Gaming was one of the first terminal operators to be licensed in Illinois in January of 2012 and went ‘live’ in October of 2012.
Fifth Third Securities provided advisory services, and Fifth Third Bank arranged debt financing in support of the acquisition, acting as Sole Lead Arranger to J&J Ventures. Armory Securities acted as the exclusive financial advisor to Tap Room Gaming.