Columbia, Maryland, Dec. 16, 2011 (GLOBE NEWSWIRE) -- JPB Growth Capital Partners announced the strategic acquisition of Millennium Communications Group, LLC (MCG) based in Parsippany, New Jersey by DisplayWorks LLC, an existing JPB Partners’ portfolio company and a leader in the design, fabrication and management of custom and modular trade show exhibits and environments. DisplayWorks is based in Irvine, California.
MCG is a leading healthcare solutions company that has been providing customized marketing, communications and training programs to the medical pharmaceutical industry, nationally and internationally, for over 15 years. The company ranked No. 52 on Inc. Magazine's 2010 list of Fastest Growing Healthcare Companies in America.
DisplayWorks maintains a historically strong client base in healthcare and has been producing exhibits, educational centers and events for the industry for over 31 years. The acquisition of MCG brings strong intellectual assets into the DisplayWorks product portfolio, while adding strategic resources to bolster the company's service offerings for healthcare trade shows, meetings, events and medical conferences.
According to Jim Bolduc, President and Chief Operating Officer of JPB Partners; "We have been looking for opportunities to grow DisplayWorks through the acquisition of companies that compliment its core business activities." Mr. Bolduc, who also serves as Chairman of the Board for DisplayWorks added; "Millennium Communications Group proved to be the perfect fit for our growth plan for DisplayWorks."
"DisplayWorks' acquisition of MCG is a move that immediately makes both companies stronger," states DisplayWorks' CEO Herb Hite. "There is a natural crossover in our services, and each company's strengths will greatly enhance the other’s capabilities."
The acquisition will help expand MCG's national footprint and capabilities to service healthcare clients throughout the Unites States, by utilizing DisplayWorks' facilities in California, Oregon, Arizona, Texas and Ohio. DisplayWorks' production experience in trade shows, meetings and events gives MCG further capabilities and resources in producing training events and assisting with their clients' conference and trade show exhibit programs.
"We're excited about the new opportunities and capabilities this acquisition presents to MCG and our clients," states MCG President & CEO Michael Fernandez. "We focus on strategic training and marketing programs for healthcare clients. Much of our work targets helping clients in educating their sales force with better clinical data and tools to tell their product's story, be it in a physician’s office, the boardroom or trade show floor. DisplayWorks' expands our national reach and gives us additional resources to further drive the sales-building conversations between our clients and their prospects in the exhibit and conference space."
About JPB Partners
JPB Partners is a Columbia, Maryland-based services firm offering privately-held, lower-middle market companies creative solutions for long-term enterprise value creation in the areas of growth capital, strategic advisory services and real estate asset management. The family-owned company was founded in 1995 and has been enabling its clients to create a legacy of success for more than 15 years. For more information: www.jpbpartners.com
About DisplayWorks
DisplayWorks is a premier exhibit company specializing in world-class design solutions for discriminating brands. With over 31 years of award-winning experience, DisplayWorks has earned the trust of high-profile clientele across a wide range of industries. 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 delivers exceptional solutions that inspire positive reactions when and where you need them most. JPB Partners acquired a majority interest of DisplayWorks in 2008. For more information, go to www.displayworks.com.
About Millennium Communications Group
Millennium Communications Group, LLC (MCG) is a leading healthcare solutions company. MCG has been servicing the medical and pharmaceutical industry, nationally and internationally, for more than 15 years. MCG specializes in developing customized marketing, communications, and training programs that increase the value of every interaction: between home office and sales force, sales force and physicians, and physicians and patients. For more information, please visit www.milcomgroup.com.
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