Seybert’s Billiards Supply and Moa Capital Announce the Acquisition of Penguin Amusement

MICHIGAN – Moa Capital announced today that Seybert’s Billiards Supply (“Seybert’s”), has acquired Penguin Amusement (“Penguin”), the leading provider of replacement billiard table rails in the industry.

Billiards players use Penguin’s products to replace old rails and/or even new rails. Penguin’s products are extremely popular amongst players, so popular that some players will in fact remove brand new rails to replace them with Penguin’s products due to their playability.

“We are excited to invest in Penguin, a company with a long history of innovation and excellence in the billiards industry,” said Marko Nikolic, Managing Partner at Moa Capital. “We believe Penguin Brand is well-positioned to continue to be a leader in table rails and their shared commitment to player satisfaction will open doors for us to reach even more pool enthusiasts.”

About Moa Capital

Moa Capital is a growth private equity firm that transitions small businesses into established middle market companies. The firm was founded by experienced private equity investors and operators who have spent their careers scaling small businesses. Moa Capital is industry agnostic, but focuses on traditional businesses with long track records of stable performance and clear value propositions. The firm targets companies with $1 - 8 million in EBITDA.