Townsquare Media Inc. (NYSE: TSQ) is purchasing North American Midway Entertainment LLC for $75.5 million in cash and stock.

Farmland, Indiana-based North American, founded in 2004, provides rides, games and food concessions to about a 150 festivals and fairs a year. The target generated $11.2 million in Ebitda on $92.9 million in revenue for 2014.

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