Accel Entertainment completes $40M acquisition of 85% of Toucan Gaming, expanding into Louisiana

Accel Entertainment, Inc.

Acquired 85% of Toucan Gaming and LSM Gaming for ~$40M; Toucan CEO Stan Guidroz retains 15%.
Toucan expected to generate ~$25M revenue and $6M Adjusted EBITDA in 2025.
Adds 13 truck stop locations with 450 terminals and 60 three-machine locations with 180 terminals.
Accel expands into southeastern U.S. via this acquisition; Toucan brand continues under Guidroz.

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