Accel Entertainment and TPG Pace Group Announce Business Combination

CHICAGO & FORT WORTH, Texas--(BUSINESS WIRE)--Accel Entertainment, Inc. (“Accel” or the “Company”), a leading gaming-as-a-service provider, announced today that its shareholders have entered into a definitive business combination agreement with TPG Pace Holdings Corp. (“TPG Pace”) (NYSE: TPGH, TPGH.U, TPGH.WS), a special-purpose acquisition company sponsored by an affiliate of TPG. The combined company will retain the Accel Entertainment name and will be a publicly listed company with an anticipated initial enterprise value of approximately $884 million with de minimis leverage on its balance sheet. The transaction will help accelerate Accel’s multi-state expansion plans.