Tampa, FL – January 18, 2013 – DDP Holdings (the “Company” or “DDP”), a leading provider of retail solutions throughout the United States, has received a new investment from Juggernaut Capital Partners L.P. (“JCP” or “Juggernaut”) to fund an acquisition.
“We are excited to welcome Juggernaut to the DDP team. They bring significant industry experience to the table and will give us support as we pursue our growth plan. This new acquisition helps DDP expand within the U.S. retail merchandising industry, while adding a new retail service – professional assembly, and diversifying DDP’s customer base.” said Mike Sunderland, Chief Executive Officer of DDP. “With this acquisition, DDP will field one of the strongest, deepest, and most knowledgeable retail services organizations in the industry.”
Juggernaut Capital Partners (“JCP”) partnered with Palm Beach Capital and management to support DDP’s acquisition. “We are thrilled to be investing alongside Mike Sunderland, with whom we have successfully partnered multiple times,” said Craig Hille, Managing Director at JCP. “Led by an outstanding management team, DDP has built an industry leading national service company capable of supporting its customers with a broad range of services. With this acquisition, DDP has created a company with greater scale and significantly more resources to better support the growth of its retail partners.”
About DDP Holdings
DDP Holdings, headquartered in Tampa, FL, provides specialized teams for retail merchandising, new store set-ups, and product re-set services for retailers, manufacturers and brands, and sales and marketing organizations. Founded in 1992, DDP provides its services throughout the United States and Canada with a team of over 6,000 experienced members.
About Juggernaut Capital Partners
Juggernaut Capital Partners, headquartered in Chevy Chase, MD, is a leading private equity firm focusing on middle market companies primarily in the business services and consumer products industries. The partners at JCP have a long heritage in the retail services space. JCP provides capital for growth, recapitalizations, acquisitions, and buyouts. For more information on Juggernaut Capital Partners, visit www.juggernaut.sifazey2-liquidwebsites.com.
About Palm Beach Capital Partners
Founded in 2001, Palm Beach Capital is a private equity investment firm which specializes in making investments in and building early and middle-stage private companies. With offices in both West Palm Beach and Tampa, Florida, the firm focuses on high growth investment opportunities. Since its inception, Palm Beach Capital has made investments in 36 companies. For more information, please visit the firm’s website at www.pbcap.com.