Showdown Displays Announces Recapitalization
Supplier Showdown Displays (PPAI 254687), headquartered in Brooklyn Center, Minnesota, has been acquired by Pfingsten Partners, L.L.C., a Chicago, Illinois-based private equity firm, as part of a recapitalization event. The acquisition was completed on May 1.
Showdown Displays CEO John Bruellman told PPB Newslink the move positions the company for future growth, but the company’s strategy and team remains in place and distributors should not expect any changes.
“We are thrilled to be joining forces with Pfingsten Partners,” he said in a statement. “We had many options, but Pfingsten was clearly the best partner for our business. 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.”
Scott Finegan, Pfingsten managing director, adds, “Showdown Displays delivers innovative products with outstanding service that helps customers grow their businesses. We look forward to building on the company’s success through a continued focus on customers and new products while seeking complementary acquisitions.”