Cyprium Makes Mezzanine Investment in B.J. Alan

CLEVELAND -- Cyprium Partners, a non-control private equity firm, announced Wednesday its “new sponsorless mezzanine investment” in B.J. Alan Co.,  the Warren-based operator of more than 70 Phantom Fireworks showrooms in 17 states. The capital was used to refinance existing indebtedness and to fund continued growth, Cyprium said. Terms were not disclosed. Bruce Zoldan, CEO of B.J. Alan, thanked Cyprium "for having the faith and vision in the business model of Phantom Fireworks." Sa

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