
For Further Information:
James R. Bolduc
Vice President
JPB Enterprises, Inc.
Phone: (410) 884 - 1960
Acquisition of the DisplayWorks and Commercial Interiors Businesses of MICE
Extends JPBE's Leadership in the Custom Design and Build
Of Trade Show Exhibits and Commercial Environments
COLUMBIA, Maryland, Feb. 27, 2008 JPB Enterprises, Inc., a Columbia, Maryland based private equity firm, announced that it has completed the acquisition of the DisplayWorks and Commercial Interiors Business of MICE, NA. Terms of the transaction were not disclosed. Previously, on December 31, 2007, JPBE had announced an agreement to acquire both businesses, then subsidiaries of the U.K.-based MICE Group PLC.
From the design and fabrication of custom exhibits to the management of events around the world, retail fixture design to marketing communications, DisplayWorks has been delivering exceptional solutions that inspire positive reactions for more than 25 years. With offices in Irvine and San Francisco, CA; and, Portland, OR; DisplayWorks delivers the highest levels of creativity and service for the trade show and retail fixture industries.
The Commercial Interiors business creates extraordinary environments for real estate sales and discovery centers, museums, restaurants, clubhouses, recreational facilities and upscale resorts. The Company was recently awarded two Silver Awards and the Gold Award at the International Builders Show of the National Association of Home Builders for its work at South Lake Union in Seattle, WA and Mirabay in Tampa, FL.
"We're happy to welcome DisplayWorks' and Marketcraft's clients, partners, and employees to the JPBE community," said Jim Bolduc, JPBE Vice President. "And we're particularly excited to integrate the businesses with our existing investments in the space to further extend the power of our collective fabrication, design and creative services."
"DisplayWorks is excited to join JPBE and introduce our products and services to new audiences around the world," said Herb Hite, CEO, DisplayWorks. "We also look forward to working closely with the Commercial business, as well as Triple E and Utility, Inc. to create new and innovative solutions for our clients."
Commenting on the closing, Claudia Gerster, Senior Vice President for the Commercial Interiors business said, "We are pleased to become a part of such an innovative and creative company like JPBE. We knew they were the right partner for Marketcraft because of their ability to continue to invest in the business and provide the strongest platform for our employees and future growth."
The acquisition complements JPBE's current investments in the custom design and build of trade show exhibits and commercial environments. In 2006, JPBE acquired GO3E, LLC, the parent company of Exhibit Effects East, LLC (dba Triple E), a leader in display fixture manufacturing, design, logistics and project management for the retail and trade show industries. In 2007, JPBE acquired Utility Inc. and Department of Energy (DOE), Seattle-based full service providers of custom exhibits, point-of-purchase displays, retail and environmental solutions, creative services, and industrial design.
About JPB Enterprises, Inc.
JPB Enterprises is a privately owned private equity firm located in Columbia, Maryland. Founded in 1995 by J.P. Bolduc, the former President and CEO of W.R. Grace & Co., JPBE focuses on control investments in middle market companies throughout the United States. For additional information, visit www.jpbe.com.
About DisplayWorks
From custom exhibits in Las Vegas or Dubai to events in Paris or Orlando, retail design in London to marketing communications in San Jose, DisplayWorks has been delivering exceptional solutions that inspire positive reactions for more than 25 years. With its headquarters in Irvine, CA and with sales and design offices in San Francisco, CA and Portland, OR, DisplayWorks is dedicated to delivering the highest levels of creativity and service. For additional information, visit www.displayworks.com.
About the Commercial Interiors business
The Commercial Interiors business creates extraordinary environments for real estate sales and discovery centers, restaurants, clubhouses, recreational facilities and upscale resorts. The Company partners with its clients to understand and capture their sales visions and develop a "strategic design"a space that not only appeals to the general public, but also to a specific target audience. Headquartered in Tempe, AZ, the Company's professional design team distinguishes space, positions products and communicates brand identities. For more information, visit www.marketcraft.net.
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