Carmike Cinemas Inc., a leading entertainment, digital cinema and 3-D motion picture exhibitor with establishments in Elkhart and Fort Wayne, announced the signing of a definitive agreement to purchase 16 entertainment complexes with an aggregate of 251 screens based in seven states and 13 individual markets from Rave Reviews Cinemas LLC, a portfolio company of BV Investment Partners. The purchase price consists of $19 million in cash, subject to customary working capital adjustments, and $100.4 million of assumed lease obligations, comprised of capital leases and financing obligations. The acquisition will add Adjusted EBITDA of $23.6 million on a pro forma basis for the twelve months which ended on June 28.