Palace Entertainment was one of the largest operators of water parks and family entertainment centers in the United States.

MidOcean Partners enhanced the management team at Palace Entertainment to position the company for significant growth. Under MidOcean’s ownership, Palace Entertainment implemented a new POS system, expanded its food and beverage offerings, and pursued corporate sponsorships. MidOcean Partners helped Palace management to implement best practices across each of its parks, consolidate its vendors and develop a mid-range reinvestment plan that identified significant organic growth opportunities. The operating improvements at Palace increased EBITDA and resulted in significant multiple expansion. MidOcean sold Palace to a strategic investor in 2007.