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)
