Ollie’s Bargain Outlet
Harrisburg, Pennsylvania
FUND
CCMP II
ORIGINAL INVESTMENT
2012
STATUS
Realized
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.
CEO Corner
Mark Butler, Founder & Former President & CEO
"Our relationship and experience with CCMP has been nothing short of sensational. The expertise and professionalism provided to us as we became a public company was priceless. Perhaps even more important, CCMP's approach from day one was to respect the operation of Ollie's and personally honor our partnership. GOOD STUFF."
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
- Deep experience in high growth retail
Value Creation
- 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)
These endorsements are provided by certain current and former executive officers of portfolio companies that are or were previously owned by certain investment vehicles advised by CCMP Growth and CCMP Capital. None of the executive officers were directly compensated for providing these endorsements. However, as a result of the ownership structure of these portfolio companies and the controlling interest held by the funds advised by CCMP Growth and CCMP Capital, a conflict of interest exists because the executive officers have an incentive to make positive statements about CCMP Growth and/or CCMP Capital and their experiences with CCMP Growth and/or CCMP Capital to maintain the goodwill with CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP.
For illustrative purposes only. There can be no assurance any such value creation plan will ultimately be achieved as described herein. Certain statements herein reflect the subjective views and opinions of CCMP Growth and its personnel. Such statements cannot be independently verified and are subject to change. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP. A complete list of CCMP Capital Advisors, LP investments is available on its website.
