Alliance Entertainment Set to Acquire Diamond Comic Distributors' Key Assets
Deal News | Mar 25, 2025 | Globenewswire
Alliance Entertainment Holding Corporation, a global distributor and wholesaler in various entertainment sectors, announced its winning bid to acquire key assets from Diamond Comic Distributors, Inc. sold through a court-supervised bankruptcy process. The acquisition encompasses Diamond Comic Distributors (U.S.), Alliance Game Distributors, Diamond Select Toys & Collectibles, and Collectible Grading Authority. These entities together form a significant presence in the comic books, tabletop games, and collectibles market, supporting over 5,000 retail storefronts. The acquired assets are forecasted to generate substantial revenues and EBITDA by FY2026, augmenting Alliance Entertainment's existing portfolio. The transaction will be financed through an increase in Alliance's revolving credit facility, pending bankruptcy court approval and other conditions. This acquisition aligns with Alliance’s strategy to expand into fan-driven categories, leveraging cross-selling synergies and increasing its market reach.
Sectors
- Entertainment Distribution
- Comic and Collectibles
- Gaming Industry
Geography
- United States – Both Alliance Entertainment and Diamond Comic Distributors are based in the U.S., making this a significant domestic market transaction.
- North America – The acquisition expands Alliance Entertainment's footprint across North America, particularly through Alliance Game Distributors' existing operations.
Industry
- Entertainment Distribution – The acquisition involves companies that distribute music, movies, video games, comics, and collectibles, enhancing Alliance Entertainment's distribution network and service offerings.
- Comic and Collectibles – Diamond Comic Distributors and its affiliated businesses operate in the comic books and collectibles industry, providing a robust portfolio of pop-culture products.
- Gaming Industry – Alliance Game Distributors operates within the tabletop games sector and is included in the acquisition, emphasizing the strategic importance of gaming products.
Financials
- $200 million – Projected revenue generation from the acquired assets in FY2026.
- $10 million – Expected EBITDA from the acquired assets in FY2026.
- $160 million – Amended revolving credit facility to finance the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alliance Entertainment Holding Corporation | Acquirer | Company | A global distributor specializing in music, movies, video games, electronics, and collectibles. |
| Diamond Comic Distributors, Inc. | Target Company | Company | A leading distributor in the comic books and collectibles market, being sold as part of a bankruptcy proceeding. |
| Alliance Game Distributors | Acquired Entity | Company | Operates in the tabletop games market, involved in distributing a wide range of gaming products. |
| Diamond Select Toys & Collectibles | Acquired Entity | Company | Distributes toys and collectible items, part of the strategic assets being acquired. |
| Collectible Grading Authority | Acquired Entity | Company | Provides authentication and grading services for collectibles, contributing to the valuation and desirability of collected items. |
| Jeff Walker | CEO | Person | CEO of Alliance Entertainment, emphasizing strategic growth through acquisitions. |
| Bruce Ogilvie | Executive Chairman | Person | Executive Chairman of Alliance Entertainment, underscoring the collaborative and integrative approach to the acquisition. |