Investment bank Tully & Holland has advised Outrageous Ventures in the sale of PrankPlace.com and its family of websites to iStores.
Tully & Holland acted as the exclusive investment banking adviser to the seller in the transaction. Terms of the transaction were not disclosed.
PrankPlace.com, launched in 2001, is the primary storefront for Outrageous Ventures and is an e-tailer of pranks and joke shop novelties, t-shirts, Halloween costumes and gag gifts.
The divestiture of its PrankPlace operations will allow Outrageous Ventures to focus on the continued growth of its Big Mouth Toys division.
iStores is an internet retailer based in Vancouver, Washington. iStores’ websites include Paintball-Online.com and OurDesigns.com. The acquisition of the PrankPlace.com family of websites enables 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.
