M&A Deal Summary

Permanent Equity Acquires Craig Frames

On October 9, 2023, private equity firm Permanent Equity acquired consumer products company Craig Frames

Acquisition Highlights
  • This is Permanent Equity’s 2nd transaction in the Consumer Products sector.
  • This is Permanent Equity’s 5th transaction in the United States.
  • This is Permanent Equity’s 1st transaction in Michigan.

M&A Deal Summary
Date 2023-10-09
Target Craig Frames
Sector Consumer Products
Buyer(s) Permanent Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Craig Frames

Ithaca, Michigan, United States
website
Craig Frames is a manufacturer of custom and semi-custom picture frames. Craig Frames was founded in 1993 and is based in Ithaca, Michigan.

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Buyer(S) 1

Buyer

Permanent Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Permanent Equity (formerly adventur.es) is a private equity firm focused on small-cap buyouts of profitable companies. The Firm targets businesses with $2 to $14 million of cash-flow and has a preference for companies operating in traditional, non-tech oriented sectors. adventur.es looks to be a long-term owner and partner (20+ years). Permanent Equity was formed in 2007 and is headquartered in Columbia, Missouri.

DEAL STATS #
Overall 5 of 5
Sector (Consumer Products) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Michigan) 1 of 1
Country (United States) 5 of 5
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Chance Rides

Wichita, Kansas, United States

Chance Rides manufactures diverse amusement ride products, including trains, trams, carousels, thrill rides, observation wheels and roller coasters that are enjoyed all over the world. Chance Rides was founded in 1961 and is based in Wichita, Kansas.

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