Churchill Downs Inc. has reached an agreement to purchase a major manufacturer and supplier of the slot-machine-like devices that are in operation at all of its Kentucky facilities and its new properties in Virginia, the company announced on Monday night.

The agreement will allow Churchill to purchase “all of the outstanding equity interests” of Exacta Systems for $250 million, Churchill said in a release. Exacta Systems, founded in 2013, currently provides historical horse racing machines and operational support for Ellis Park, which is owned by Churchill, and for Colonial Downs in Virginia and its off-track betting parlors and casinos.

Exacta Systems also has supplier and support relationships with casinos in Wyoming and New Hampshire.