logo
logo

Local Crafts Group acquires Jimmy Beans Wool

Apr 18, 2025•3 months ago

Acquiring Company

Local Crafts

Acquired Company

Jimmy Beans Wool

VancouverRenoRetailLifestyleFashionE Commerce

Description

Jimmy Beans Wool has been acquired by Local Crafts Group, a division of Blue Point Capital Partners. The acquisition aims to enhance Local Crafts Group's portfolio in the crafting business. Laura Zander, the founder of Jimmy Beans Wool, will join the acquirer as the chief brand officer. The acquisition follows several layoffs within the company after the transaction.

Company Information

Company

Local Crafts

Location

Vancouver, Washington, United States

About

Local Crafts Group is a division of Blue Point Capital Partners, focused on acquiring and growing crafting businesses. It includes well-known brands such as KnitPicks, WeCrochet, and Berroco. The group aims to expand its portfolio in the crafting sector. They support creative businesses and promote crafting as an integral part of a fulfilling lifestyle.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Veronica hidden

hidden
hidden

Kristin hidden

hidden
hidden