Company Description
Party Animal, Inc. (the “Company” or “Party Animal”), located in Westlake, Ohio, is a best-in-class designer and wholesaler of premium-quality licensed toys, drinkware, flags & banners, decor and more. The Company’s industry product expertise, proprietary product offering, and deep relationships with its licensing partners have equipped Party Animal with long-term competitive advantages, as well as strong brand equity that drives sales and volume among the Company’s deeply-entrenched, blue-chip customer base.
With licenses across the four major US sports, superior product quality, and a reputation of consistently offering new and innovative products, the Company has established durable, long-term relationships with its customer base, evidenced by an average top 10 customer tenure in excess of 8 years.
A combination of a diverse trademarked product offering, blue-chip licenses, and the addition of new licenses, has positioned the Company to capitalize on its organic growth opportunities and capture additional market share.
Services Provided
MelCap served as the exclusive investment banker and financial advisor to Party Animal through the sale of the business.
The Result
In an effort to achieve ownership’s goals and objectives, and to support the Company’s strategic growth plans, MelCap identified the ideal buyer for the business. As a result, Party Animal was sold to Preserve Equity Partners – independent sponsor firm that acquires and operates lower middle-market businesses across consumer, manufacturing, and industrial sectors. The firm’s mission is to preserve founder legacies while providing the strategic, financial, and operational leadership needed to unlock long-term growth.
Joe Francisco, Co-Founder of Preserve Equity Partners, said, “Party Animal represents everything we look for in a platform business—strong brand equity, incredible relationships with licensors and retailers, and a passionate team. Our mission is to build on the culture and craftsmanship Bryan and Jim established while accelerating the company’s growth opportunities globally.”
“We’re honored to continue the legacy of a trusted and respected family business,” added Jamie Beuthin, Co-Founder of Preserve Equity Partners. “We see tremendous potential in expanding Party Animal’s collectible and drinkware lines while deepening partnerships with retailers and leagues around the world.”
Deal Team
We would also like to thank the deal teams that worked on this transaction. We could not have completed this transaction without their tireless efforts. More specifically, we’d like to thank Hahn Loeser & Parks, SMB Law Group, and Weaver’s Transaction Advisory Services Team.
“It was a true pleasure working with the entire MelCap team. They guided me through the entire process with expert knowledge and professionalism, and were a vital part of getting the deal done. I couldn’t have done it without them!”
