Berkshire Partners and Weston Presidio acquire party retailer, PA Acquisition, for $42M

Berkshire Partners and Weston Presidio have acquired Alameda, Calif.-based party supply retailer PA Acquisition (a.k.a. Party America) from Gordon Brothers Group, according to PE Week.

The deal is valued at approximately $42 million, including assumed debt, with Party America being folded into a holding company • AAH Holdings Corp. • that had acquired Party City Corp. last year

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