🠈 Party City - Amscan Holdings 🠊
Party City is a retailer and manufacturer of Party supplies, balloons and Halloween costumes. Based in Rockaway, New Jersey, the company operates over 850 stores. They trade on the NYSW with the symbol: PRTY.
The current company was created in 2005 with the merger of Amscan and Party City. Web sites held by the company include amscan.com, iParty.com and Halloween City.
This section lists notable corporate events.
- 1948: Amscan Inc was formed as a party supply store by Elvera Svenningsen with $1,000 and operated out of her family garage in Bronxville, New York.
- 1958: Elvera's son John A. Svenningsen became CEO.
- 1993: Sales crossed the $100M mark.
- 1990's: Elvera passed away in the early 1990s. John was diagnosed with cancer. He passed away in 1997.
- 1996: With the help of Goldman Sachs, the company formed Amscan Holdings and went public at $14/share.
- 1997: shortly after John's death, the GS Capital Partners division of Goldman Saches took the company private as Confetti Acquisition Inc. for $16.5 per share.
- 1998: the company acquired Anagram International, Inc. of Minneapolis $87 Million. Anagram makes metalic balloons.
- 2002: the company acquired MD Balloons of Manteno, Illinois from American Greetings for $27.5 million.
- 2005: Amscan holdings acquired Party City in a deal organized by Berkshire Partners
Party City Corporate History
- 1986: Steve Mandell opened the first Party City store in East Hanover, NJ.
- 1987: Mandell opened Halloween Costume Warehouse. The store carried Halloween goods year round.
- 1989: The first Party City franchise opened.
- 1990: Party City incorporated and emphasized corporate owned stores.
- 1996: Party City held an IPO.
- 1999: The company expanded too rapidly. Party City lost track of its inventory and could not complete its SEC reports. The stock was delisted and Madell stepped down and was relisted in July 1999 (oops).
- 2002: Party City acquired 13 stores for troubled competitor Paper Warehouse of Seattle.
- 2002: Party City acquired Factory Card Outlet.
- 2005: Berkshire Partners and Weston Presidio acquire Party City for $360M.
- 2008: Amscan sold four stores in Salt Lake City to Zurchers
- 2013: Party City acquired iParty which was a chain of 54 stores based in Dedham, Ma.
- 2015-04-15: Party City Holdco Inc. held and announced an IPO of 21,875,000 shares of common stock at $17.00 per share.
- Phoenix Color - Costumes: Party City & Halloween City
- Pima County - Gifts: Party City & Halloween City
- Colorado Springs Color - Shopping: Party City / Halloween City
- Denver Color - Costumes: Party City - Halloween City
- Fort Collins Color - Gifts: Party City / Halloween City
- Logan Utah - Shopping: Halloween City
- Ogden, Utah - Shopping: Halloween City
- Provo Utah - Costumes: Halloween City
- Salt Lake Sites - Costumes: Halloween City
- Funding Universe - Amscan (Drawn 3/12/2018)
- Funding Universe - Party City (Drawn 3/12/2018)
- LA Times - Private Equity Firms Agree to Buy Party City (Drawn 3/12/2018)
- Party City IPO (Drawn 3/12/2018)
- Boston.com - iParty acquired by Party City (Drawn 3/12/2018)
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