Growth Stories

Ollie’s Bargain Outlet

Harrisburg, PA

Status: Realized

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Partnered with a strong, experienced, founder-led management team to support an accelerated store rollout plan and drive rapid revenue and EBITDA growth leading to a successful initial public offering in 2015

CCMP invested in Ollie’s Bargain Outlet, a U.S. discount retailer, in 2012. Ollie’s outlets offer brand name, closeout merchandise at a deep discount across a broad range of products.

Opportunity and Why CCMP

  • Strong founder-led management team
  • Well positioned in attractive and growing closeout retail sector with high barriers to entry
  • Compelling value proposition leads to wide customer appeal and highly loyal customer base
  • Strong and consistent four-wall economics with opportunity to more than quadruple number of stores

Value Creation Through IPO

  • Significantly increased number of stores
  • Opened a second distribution center
  • Expanded product offerings and targeted marketing
  • Leveraged and grew Ollie’s Army customer database

Results

  • Significant revenue, EBITDA and same store sales growth during CCMP’s ownership
  • Initial public offering in 2015 (NASDAQ: OLLI)