In January of this year, the sale of Logan-based amusement rides manufacturing firm S&S Worldwide was completed to Sansei yusoki Co., Ltd. Sansei is a publicly held Japanese firm based in Osaka that designs, manufactures, and maintains amusement rides, stage equipment, elevators, and escalators. Sansei paid $8.6 million for 77.3% of S&S Worldwide. The Japanese firm had fiscal 2012 revenue of about $147 million, with net income of about $7.3 million.
Huntsman School of Business alum Stan Checketts started S&S Worldwide in Logan in 1994. Today the firm has more than 150 amusement rides--roller coasters, towers, family rides, kiddie rides, and thrill rides--installed all over the U.S. and in 26 countries around the world. Mr. Checketts sold his 77.3% majority stake in 2010 to Larsen MacColl Partners, a private equity fund based in Radnor, PA, which then sold its stake to the Japanese firm in January.