Mergers
Tully & Holland works on behalf of the seller to evaluate, recommend, structure and close the transaction. more info >>Acquisitions
On behalf of the buyer, Tully & Holland conducts searches, negotiates and structures the transaction and follows through to closing. more info >>Private Placements
Tully & Holland is licensed to assist clients in raising equity and debt for expansion, acquisitions or recapitalizations.more info >>
Valuations
Tully & Holland provides valuation services to current and prospective clients. more info >>Tully & Holland Newsletter
Join our mailing list to be notified of our latest transactions and industry reports. Join now >>Transactions
A selection of recently completed transactions by Tully & Holland, Inc. See listings >>20 William Street, Suite 135
Wellesley, MA 02481
781.239.2900
info@tullyandholland.com
| Member SIPC | Member FINRA |
Tully & Holland Announces the Sale of PrankPlace.com Family of Websites to iStores, Inc.
September 22, 2010 - Wellesley, MA – Tully & Holland, Inc. is pleased to announce its role as advisor to Outrageous Ventures, Inc. in the sale of PrankPlace.com and its family of websites to iStores, Inc. Tully & Holland acted as the exclusive investment banking advisor to the seller in this transaction. Terms of the transaction were not disclosed.
PrankPlace.com, launched in 2001, is the primary storefront for Outrageous Ventures and is a leading e-tailer of pranks and joke shop novelties, t-shirts, Halloween costumes, and gag gifts. The PrankPlace family of websites includes PrankPlace.com, GagWorks.com, DrinkingStuff.com, and FunIdeas.com. The brand has built a broad and unique product line that includes hundreds of items not found elsewhere. The divestiture of its PrankPlace operations will allow Outrageous Ventures to focus on the continued growth of its Big Mouth Toys division.
iStores, Inc. is a diversified Internet retailer based in Vancouver, Washington. iStores’ websites include Paintball-Online.com and OurDesigns.com. The acquisition of the PrankPlace.com family of websites represents a strong strategic fit enabling iStores to further diversify product offerings and the Company’s customer base. iStores will consolidate the marketing and fulfillment functions of PrankPlace.com to its headquarters in Vancouver, Washington.
About Tully & Holland
Tully & Holland, an investment bank established in 1992, provides corporate finance and merger & acquisition advisory services to middle market consumer product companies. The firm has particular expertise representing food & beverage companies, multi-channel marketers, retailers, and consumer product manufacturers and distributors. For further information on the transaction or the firm, please contact:
Tim Tully at (781) 239-2900 x14, ttully@tullyandholland.com or
Chris Kampe at (781) 239-2900 x19, ckampe@tullyandholland.com.
