SOURCE: JPB Enterprises, Inc.

January 10, 2008 11:01 ET

JPB Enterprises to Acquire DisplayWorks From MICE North America

COLUMBIA, MD--(Marketwire - January 10, 2008) - JPB Enterprises, Inc., a Columbia, Maryland-based private equity firm, announced on December 31, 2007 that it has entered into a definitive Purchase Agreement to acquire the DisplayWorks business from MICE North America.

Commenting on the announcement, J.P. Bolduc, Chairman and Chief Executive Officer of JPB Enterprises, stated, "We are extremely pleased to have the opportunity to acquire DisplayWorks from MICE North America. We believe DisplayWorks is the most innovative and creative company in their industry. This acquisition is strategic for us and will expand our geographic footprint for designing, fabricating and servicing tradeshow exhibits and retail displays. I look forward to working with Herb Hite, who will continue as President of DisplayWorks."

"DisplayWorks is very excited to be part of the JPBE organization," said Herb Hite, President of DisplayWorks. "JPBE's vast business experience, resources and network within the Fortune 1000 will allow DisplayWorks to strengthen and grow its position in the marketplace."

Terms of the transaction were not disclosed. The consummation of the acquisition is scheduled to take place on or before January 31, 2008 and is subject to certain normal and customary closing conditions.

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. 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., a Seattle-based full service provider of custom exhibits, point of purchase displays, retail environments, and design services. For additional information, visit www.jpbe.com.

About DisplayWorks

From custom exhibits in Las Vegas or Dubai to sales 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 offices in Irvine, San Francisco, CA; and, Portland, OR; we are dedicated to delivering the highest levels of creativity and service. For additional information, visit www.DisplayWorks.com.

Contact Information

  • Contact:
    James Bolduc
    410-884-1960