Firm makes investment in Phantom Fireworks

YOUNGSTOWN

Cleveland-based Cyprium Partners, a non-control private equity firm, recently announced an investment in the B.J. Alan Co., also known as Phantom Fireworks.

The capital was used to refinance existing indebtedness and to fund continued growth, according to a news release issued from Cyprium Partners.

“We at Cyprium are excited to invest alongside the owners and management team at Phantom Fireworks,” said Cindy Babitt, a managing partner at Cyprium Partners. “Over the last 43 years, Bruce Zoldan and the B.J. Alan team have built the company into one of the largest consumer fireworks retailers in the U.S. by delivering quality, value, and selection to Phantom Fireworks customers. We look forward to a long relationship with B.J. Alan, its management, and employees.”