JPB Partners (“JPB”) is an alternative asset manager specializing in the investment of private equity and real estate, primarily in the Mid-Atlantic and Southeast U.S. JPB Private Equity invests in lower-middle market buyouts and recapitalizations of profitable consumer-related businesses—consumer health and wellness, consumer products, consumer services, food & beverage, restaurants, and specialty retail.
Snapshot of Investments
Health & Wellness
Hometown Hospice & Homecare
Hometown Hospice & Homecare provides both hospice and homecare services in the greater Milwaukee, Wisconsin area. The Company is certified by both Medicare and Medicaid. Hometown provides routine hospice services in homes, assisted living facilities, and skilled nursing facilities. In addition to routine services, the Company offers a Life Enhancement Program that utilizes a holistic approach to patient care by incorporating lifelong interests into the hospice plan of care. From a home care perspective, Hometown provides skilled nursing, physical therapy, occupational therapy, speech therapy, and home health aides all tailored to meet the specifics of each patient’s plan of care as prescribed by their doctor. The agency was sold to a strategic buyer in 2019.
St. Joseph's® Aspirin
ST. JOSEPH'S® ASPIRIN is an iconic brand with a rich 145-year history evidenced by its 90%+ consumer brand awareness rating. The brand was created in the heartland of America by the Gerstle Medicine Co. of Chattanooga, Tennessee. Plough, Inc. bought the ST. JOSEPH'S® ASPIRIN brand in 1920, and by 1946, the pleasant-tasting orange tablet of ST. JOSEPH'S® ASPIRIN had become a staple in households nationwide-bringing comfort and relief from aches and pains. In 2000, McNeil Consumer & Specialty Pharmaceuticals, a Division of McNeil-PPC, Inc., a member of the Johnson & Johnson family of companies, acquired ST. JOSEPH'S® ASPIRIN from Schering-Plough. In 2003, ST. JOSEPH'S® ASPIRIN celebrated the 81st birthday of its 81mg pill, the dose doctors recommend most for daily aspirin regimens. Acquired by JPB Partners Capital Partners in 2010, the Company was sold to a financial buyer in 2012.
Calgon is a complete line of bath and beauty products managed by Ilex Capital Group. The Calgon brand launched in 1946 and in the 1960s became famous with their tagline “Take Me Away!” which has become a widely known pop culture reference. Bath and beauty products developed and sold under the Calgon brand include bath beads, bubble baths, body mists, body washes, and body creams. Acquired by JPB Partners Capital Partners in 2010, the Company was sold to a strategic buyer in 2012.
The Helpful Hardware Company
The Helpful Hardware Company owns and operates eight (8) neighborhood Ace Hardware stores in Georgia, South Carolina and Tennessee. Headquartered in Alpharetta, Georgia, The Helpful Hardware Company operates stores that have been in operation for over 40 years and, collectively, is one of the largest Ace dealers in the Southeastern United States. The Helpful Hardware Company is an essential part of its local communities and is known as the place with the helpful hardware folks. Ace Hardware is the largest retailer-owned hardware cooperative in the world, with more than 5,200 locally owned and operated hardware stores in approximately 70 countries. Since 1924, Ace has provided customers with a more personal kind of helpful.
ZIPS Dry Cleaners
Founded in 1996 and franchising since 2006, ZIPS Dry Cleaners’ business model is based on a concept revolutionary to the industry and in high demand to today's dry cleaning customer – dry cleaning that is ready for pick-up the same day it's dropped off and all for a flat-rate price. Headquartered in Greenbelt, MD, ZIPS operates 46 stores in the Mid-Atlantic region.
Ticknors Men's Clothiers
Ticknors is a specialty retailer of upscale men's clothing operating in mall-based locations from eight stores in Ohio, North Carolina, and Georgia.
South Moon Under
South Moon Under is a fashion forward specialty retailer that offers an eclectic mix of men's and women's clothing, swimwear, accessories, jewelry, and gifts for the home. Sold in over 24 stores and online at www.southmoonunder.com. South Moon Under gives customers the opportunity to experience the excitement of successfully and confidently expressing their individual style. The Company was sold to a financial buyer in 2021.
Retail & Franchising
Food, Beverage & Restaurants
The Greene Turtle
The Greene Turtle is an owner and franchisor of sports-oriented restaurants in the Mid-Atlantic region. The Company sold a majority interest to JPB Partners Capital Partners in June 2007 to fund the significant expansion plan that leverages the success of the branded group restaurants. The Company was sold to a financial buyer in 2015.
Mulligan's Beach House
Bar & Grill
Mulligan's Beach House Bar & Grill is a chain of full-service restaurants serving flavorful menu items that always surprise and delight. Mulligan's restaurants are fun and family-oriented, open 365 days a year to serve breakfast, lunch & dinner; and feature waterfront vistas from its Florida locations. The Company was sold to management in a management-led buyout in 2019.
Ted’s Bulletin, with five locations across D.C., Maryland and Virginia, has been offering guests a classic American dining experience since 2010. Known for its friendly neighborhood atmosphere and featuring an array of comfort foods, the restaurant was a 2011 RAMMY award winner for the best “Neighborhood Gathering Place” in the Washington metropolitan area.
Wythe-Will Distributing is a leading distributor of gourmet foods and fine confections to retail stores throughout the United States. Acquired by JPB Partners Capital Partners in 2008, the Company was sold to a financial buyer in August 2010.