Permanent Equity Acquires Majority Stake in Chance Rides
June 30, 2023
Missouri-based Permanent Equity has formed a long-term financial partnership and acquired a majority stake in Wichita-based Chance Rides Manufacturing, Inc. Founder and longtime owner Dick Chance will retain a minority interest and transition from CEO, with Aaron Landrum named President & CEO; Chance Rides will remain headquartered in Wichita and continue operating under its existing name and management team.
- Buyers
- Permanent Equity
- Targets
- Chance Rides Manufacturing, Inc.
- Sellers
- Dick Chance (Owner & CEO)
- Industry
- Manufacturing
- Location
- Kansas, United States
- Transaction Type
- Buyout
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