Party City Holdco Inc. (NYSE:PRTY) acquired the assets of Graham Franchise Group and a 4-unit franchisee operator in Kansas for $28.1 million in cash on January 6, 2016. Party City Holdco Inc. acquired the assets of its 4-unit franchisee operator in Kansas as well as assets of Graham Franchise Group, which owned 19 franchise stores in Arizona and New Mexico. The Kansas franchise operator had annual sales of $8 million while Graham Franchise had annual sales of $43 million, totaling net annual sales of acquired franchise to $51 million. The purchase price represents multiple of EBITDA of approximately 4.2 times.

Party City Holdco Inc. (NYSE:PRTY) completed the acquisition of the assets of Graham Franchise Group and a 4-unit franchisee operator in Kansas on January 6, 2016.