Jazwares LLC, a subsidiary of Alleghany Capital Corp., acquired First Act Inc. Headquartered in Boston, First Act designs, markets, and supplies musical products, instruments, and accessories for kids and young adults under the First Act and First Act Discovery brands, as well as an array of licensed properties.
“We are excited to build upon First Act’s unique merchandise offering by accelerating new product development, expanding existing licensor and retailer relationships, and leveraging Jazwares’ world-wide operations to increase First Act’s global presence,” says Judd Zebersky, CEO and president of Jazwares.
“The First Act transaction is the first acquisition by Jazwares since Alleghany Capital increased its equity interest in Jazwares this year and is consistent with the company’s strategy of accelerating its growth through targeted acquisitions,” says David Van Geyzel, president and CEO of Alleghany Capital.
