Party City
PE-OwnedThomas H. Lee Partners loaded Party City with debt from a 2012 leveraged buyout, preventing critical technology investments needed to compete online. Filed its second Chapter 11 in December 2024 and liquidated all ~700 U.S. stores. All administrative staff laid off upon filing.
Founded: 1986|Acquired by Thomas H. Lee Partners (2012)
4
locations tracked
Ownership Information
Party City is owned by Thomas H. Lee Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1986
Party City founded
2012
Acquired by Thomas H. Lee Partners
Community Reviews
Share your experience →Tracked Locations
CA (1)
San Diego
7582 Main St
San Diego, CA 92101
555-124-6150
GA (1)
Atlanta
2693 Main St
Atlanta, GA 30301
555-420-3380
NC (1)
Charlotte
5519 Main St
Charlotte, NC 28201
555-504-5576
PA (1)
Philadelphia
2083 Main St
Philadelphia, PA 19019
555-702-6908