Buyout (LBO, MBO, MBI) • Machinery

Permanent Equity Acquires Chance Rides

On June 30, 2023, private equity firm Permanent Equity acquired machinery company Chance Rides

Acquisition Context
  • This is Permanent Equity’s 1st transaction in the Machinery sector.
  • This is Permanent Equity’s 4th transaction in the United States.
  • This is Permanent Equity’s 1st transaction in Kansas.

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M&A Deal Summary

Date June 30, 2023
Target Chance Rides
Sector Machinery
Buyer(s) Permanent Equity
Deal Type Buyout (LBO, MBO, MBI)

Target Company

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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Buyer Overview 1

Buyer

Permanent Equity

Investor Investor Investor Investor Investor


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 Context for Buyer #
Overall 4 of 5
Sector: Machinery 1 of 1
Type: Buyout (LBO, MBO, MBI) 4 of 5
State: Kansas 1 of 1
Country: United States 4 of 5
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 GAME Group

Scottsdale, Arizona, United States

GAME Group is a manufacturer of pool lighting, inflatables, maintenance products, decor, filter systems, and solar heaters, and also producer of rubber duck races. GAME Group is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-09 Craig Frames

Ithaca, Michigan, United States

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

Buy -