Great American Family Parks has acquired Park Staffing Services, a flexible staffing firm, which provides manufacturing, construction, service and office personnel on a contractual basis.
Park Staffing Services (PSS) will be expanded to manage staffing of the amusement attractions that Great American Family Parks (GFAM’s) theme park division will acquire. It will also continue to actively expand its flexible staffing services throughout the nation. New contracts obtained because of its acquisition by GFAM are expected to substantially improve future revenues and profits. PSS was purchased through equity and debt, with no external financing needed.
Larry Eastland, chairman and CEO of GFAM, said: Temporary, seasonal and part- time employees make up the vast majority of the employees in a theme park or attraction. This gives us the opportunity to consolidate this important function for our current park, and those we are working to acquire. Additionally, it brings revenues to GFAM from more diversified sources, revenues that are expected to be more than five times our current revenues in 2008.