Today The Gearbox Entertainment Company announced it has entered into an agreement to fully acquire Lost Boys Interactive.
Lost Boys Interactive is an independent video game studio working on both co-development for top-tier games and original intellectual property for PC and consoles. The acquisition will add more than 220 team members to Gearbox, which will bring their global headcount to approximately 1,300.
Founded in 2017, Lost Boys is a remote-first studio that has offices in Madison, Wisconsin and Austin, Texas. They are led by industry veterans Shaun Nivens, Mark Stefanowicz, Rod Runnheim, Chase Jones, and Tim Gerritsen. Since founded, the studio has grown to more than 220 employees and has worked on marquee global franchises such as Tiny Tina’s Wonderlands, Call of Duty, and PlayerUnknown’s Battle Grounds.
Lost Boys is currently working through a period of rapid extension, targeting 350 team members by 2024. They will operate as a subsidiary of Gearbox and will continue to operate independently under Gearbox Entertainment while working in tandem with them on full development projects.
“Lost Boys is an incredible studio with industry-leading talent that continue to push the bar higher for what gamers expect from their favourite franchises,” said the founder of The Gearbox Entertainment Company, Randy Pitchford. “I am excited for Chase, Rod, Shaun, Mark and my old friend Tim, along with all of the incredible talent at Lost Boys, to have an immediate and positive impact on the games secretly in development at Gearbox Software.”
“We founded Lost Boys with a dream to work on products that would be globally recognized and loved,” said the CEO and co-founder of Lost Boys Interactive, Shaun Nivens. “We’re incredibly excited to join Gearbox and continue doing what we do best – making games that entertain and inspire others.”
Gearbox Entertainment Company is a developer and publisher based in Frisco, Texas. They were founded in 1999, and their first release was Half-Life: Opposing Force. Since then, they have become known for titles such as Tiny Tina’s Wonderlands and other franchises including Borderlands, and Brothers in Arms, as well as the properties that they’ve acquired like, Duke Nukem and Homeworld.