VRA Partners Advises Party City of Arizona and New Mexico on its Sale to Party City Corporation
VRA Partners, LLC is pleased to announce that Party City of Arizona and New Mexico has been acquired by Party City Corporation, a subsidiary of Party City Holdco ("Party City" or the "Company"), the leading party goods retailer in North America and the largest vertically integrated supplier of decorated party goods globally. Headquartered in Phoenix, Arizona, Party City of Arizona and New Mexico is one of the largest franchisees in the Party City system, operating 19 stores in Greater Phoenix, Tucson, Albuquerque and Santa Fe. The stores offer a broad assortment of specialty party supplies and paper goods consisting of brand name and private label merchandise for a wide variety of seasonal and non-seasonal (everyday) occasions. VRA Partners acted as the exclusive financial advisor to Party City of Arizona and New Mexico. Terms of the transaction were not disclosed.
Party City designs, manufactures, sources and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world. Party City's retail operations include approximately 900 specialty retail party supply stores in the United States and Canada, operating under the names Party City and Halloween City, and e-commerce websites, principally through the domain name PartyCity.com. The Company also franchises both individual stores and franchise areas throughout the United States and Puerto Rico, principally under the name Party City.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 550 transactions across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.
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Chris Reilly, Managing Director