2020 Companies Acquired by Chairman and CEO Christopher B. Munday. Company Remains Focused on Executing Current Growth Strategy and Continued International Expansion
FORT WORTH, Texas–(BUSINESS WIRE)–2020 Companies (“the Company” or “2020”), a premier, nationwide outsourced sales, merchandising and marketing agency, announced today that Chairman and CEO Christopher B. Munday has acquired a controlling interest in the Company from Golden Gate Capital. Golden Gate Capital will maintain a minority equity interest in the Company. In addition, Mr. Munday has retired as an Operating Partner of Golden Gate Capital to focus on his role as Chairman and CEO of 2020.
With over 10,000 employees across the U.S., 2020 Companies partners with and supports the world’s largest brands and retailers to facilitate sales, marketing, merchandising, training, and events in over 50,000 retail locations. 2020 offers a turnkey outsourced solution to recruiting, training and managing programs while consistently achieving superior results for clients.
Mr. Munday stated, “2020 Companies’ unique operating systems and robust infrastructure set us up perfectly to continue growing our industry-leading position. We have the right leadership team and capital in place to fuel our growth, which has been phenomenal over the past several years. We are more excited than ever to take the Company to new heights in this next chapter of our history.”
After joining 2020 as CEO in 2008, Mr. Munday led the Company through consecutive years of significant growth and strongly positioned 2020 as a leader in the sales and marketing arenas. Mr. Munday recently received Ernst & Young’s 2018 Entrepreneur of the Year award in the Services category for the Southwest region on behalf of 2020 and will attend the National Awards finals in November 2018.
“Chris has been an excellent leader for 2020 and a valued partner of Golden Gate Capital. We thank him for his many contributions as an Operating Partner over the past 10 years, and we look forward to watching 2020 continue its impressive growth trajectory,” said David Dominik, Managing Director and Chief Investment Officer of Golden Gate Capital.
ABOUT 2020 COMPANIES
2020 Companies is a sales and marketing agency that provides a turnkey outsourced solution to facilitate sales, marketing, merchandising, training, and events. 2020 has over 10,000 employees across the United States and works with the world’s largest brands and retailers in over 50,000 retail locations. For more information, visit www.2020companies.com.
ABOUT GOLDEN GATE CAPITAL
Golden Gate Capital is a San Francisco-based private equity investment firm with more than $15 billion of capital under management. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Representative investments sponsored by Golden Gate Capital include Red Lobster, Nassau Reinsurance Group, Infor, and Neustar. For more information, visit www.goldengatecap.com.
For 2020 Companies:
Executive Vice President of Operations
For Golden Gate Capital:
Sard Verbinnen & Co
Alyssa Linn / Hayley Fahey