Dallas-based Showbiz Cinemas sells to Austin firm backed by Bryan Sheffield’s family office

The acquisition represents the partnership’s first major move.

The deal will result in a combined business with 16 venues in Texas, Florida, Oklahoma and Wyoming. Those locations serve over eight million customers annually with 148 screens, 108 bowling lanes, nine restaurants and bars, and a 3,000-capacity live music venue.is in Waxahachie. Its theaters combine movies with other entertainment, such as bowling or arcades. Roberts said the branding will not change for the Showbiz Cinemas locations.

EVO said it will continue to expand in 2022, with new locations under construction. The company’s website showsin Dallas, Southlake and San Antonio. Roberts said the Southlake location will open this spring and the Dallas theater will debut this summer. Showbiz Cinemas just wrapped up a record-breaking holiday season, according to founder and CEO Kevin Mitchell. He’s also a former Cinemark executive and third-generation theater owner.

“I am confident that Mitch’s leadership and Marbella’s capital strength will ensure a long and successful run for Showbiz,” he said in a statement.. Paul directs the work of an award-winning staff covering business news in the nation's fourth largest metro region. He's been The News' business editor since 2015. Before that, he was editor-in-chief at the Dallas Business Journal and business editor at the Cleveland Plain Dealer.

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