ESH Acquisition Corp. Announces Closing of Initial Public Offering

Experienced leadership team seeking growing asset in the increasingly technology driven Entertainment, Sports, and Hospitality sectors

NEW YORK, NEW YORK, June 28, 2023 (GLOBE NEWSWIRE) -- ESH Acquisition Corp. (NASDAQ: ESHAU), a newly organized blank check company formed for the purpose of effecting a business combination, has announced the closing of its initial public offering resulting in gross proceeds of $115 million, including the full exercise of the over-allotment option. The company’s strategic focus is on Entertainment, Sports, and Hospitality (ESH) opportunities, including gaming, with an emphasis on the strategic deployment of innovative technologies in these industries.

“Our team has unique and deep entertainment, sports and hospitality sector experience and expertise.  Collectively, the knowledge base and operational excellence we possess as a group provides us unique strategic insights into brand and product positioning, as well as financing and growth strategies to enhance shareholder value of the acquired target,” said Jim Francis, CEO of ESH Acquisition Corp.

Adds Francis: “Because of our strong network of industry relationships around the globe – from leadership roles in global companies – we expect to quickly generate a pipeline of potential merger targets.”

ESH Acquisition Corp. has partnered with investment firm Ackerley Partners, LLC, as a key advisor. Following the sale of The Ackerley Group to Clear Channel Worldwide in 2002, Christopher and Ted Ackerley founded Ackerley Partners, LLC, a privately held investment firm with a primary focus on the media, entertainment and professional sports sectors.  Over several decades, Ackerley Partners and the Ackerley Family have owned all or a part of several professional sports franchises. Their professional sports ownership tenure includes franchises in the NBA (Seattle Sonics), WNBA (Seattle Storm), CISL (Seattle Seadogs), Major League Rugby (Seattle Seawolves), AHL (Coachella Valley Firebirds) and NHL (Seattle Kraken). With their strong operational history, the firm has utilized numerous strategic industry partnerships and alliances to source and co-invest in both early stage and growth stage companies including cable, gaming, software and sports franchises.