Minnesota-based Showdown Displays (asi/87188) announced Tuesday that it has been acquired by private equity firm Pfingsten Partners, L.L.C., as part of a recapitalization event. Financial terms of the agreement were not disclosed, but Showdown stressed that operationally nothing will change and business will continue as usual at the company. The deal was completed on May 1.
“We are thrilled to be joining forces with Pfingsten Partners. We had many options, but Pfingsten was clearly the best partner for our business,” said John Bruellman, CEO of Showdown Displays. “Their operating resources, global capabilities and conservative capital structure will allow us to accelerate our growth while further enhancing the legendary customer experience that our customers have come to expect.”
Showdown provides a range of promotional signage and displays, and through distributors serves sectors like education, healthcare, financial, and technology. In its history, Pfingsten Partners, which is based in Chicago, has acquired 116 companies through five investment funds. Its current portfolio includes manufacturers, service providers, and media and entertainment businesses, among other firms.
“Showdown Displays delivers innovative products with outstanding service that helps customers grow their businesses,” said Scott Finegan, Pfingsten’s managing director. “We look forward to building on the company’s success through a continued focus on customers and new products while seeking complementary acquisitions.”
In January, at the ASI Show Orlando, Counselor named Showdown Displays supplier of the year. Founded in 1999, the firm has grown to currently employ 400 people.