BuildASign.com Announces Investment from PWP Growth Equity to Fuel Growth
AUSTIN, Texas, Feb. 10, 2015 /PRNewswire/ -- BuildASign.com, a leading online custom printing provider of signage and home decor items, today announced that it has received an investment from PWP Growth Equity, a private equity fund affiliated with Perella Weinberg Partners that invests in growth-oriented, lower middle market companies. BuildASign.comwas founded in 2005 and has consistently focused on balancing profitability and growth. The investment will allow BuildASign.com to more aggressively pursue new growth opportunities and expand customer acquisition channels, test new products, grow existing business and add additional headcount.
"This year BuildASign.com turns ten years old and we are extremely excited about this new chapter," said Dan Graham, CEO and co-founder of BuildASign.com. "This investment will allow us to be more growth focused than ever before and will give us an edge in the competitive landscape as we move forward."
"BuildASign.com has an impressive track record of performance and growth and we believe the company is well-positioned for continued expansion," said Chip Baird, co-head of PWP Growth Equity. "We look forward to partnering with Dan and his leadership team to support BuildASign.com in the realization of its strategic goals and during this exciting phase in its development."
Dan Graham will continue to serve as BuildASign.com's CEO, and J.R. Kraft, president and co-founder of BuildASign.com, will step down from his operational role. David Ferguson and Chip Baird, both Partners at Perella Weinberg Partners and co-heads of PWP Growth Equity, will join Mr. Graham and Mr. Kraft on the Board of Directors.
In addition to BuildASign.com, the Company also operates EasyCanvasPrints.com and AlliedShirts.com. It currently has over 270 employees and generates sales across the United States, Canada, United Kingdom and Germany.
Vaquero Capital LLC advised BuildASign.com on the transaction.
BuildASign.com is a leading online custom printing provider of signage and home decor items. Products include signs, canvas, apparel, business cards, car wraps and more. Founded in 2005, the Austin, Texas-based company now operates over 40 websites with operations in four countries. Through the BuilASign.com Giving Program, the company has contributed more than $1 million to over 1,700 local and national nonprofit organizations. It has also received national recognition for its donation of more than 337,000 welcome home banners and signs (valued at more than $10 million) to the friends and families of military service members returning home from a deployment. To learn more visit BuildASign.com.
About PWP Growth Equity
PWP Growth Equity is a private equity fund, affiliated with Perella Weinberg Partners Capital Management LP, focused on growth-oriented, lower middle market companies, primarily in the United States, across the consumer, services and industrial sectors. PWP Growth Equity seeks to partner with existing owners and management teams, providing both capital and experience in a tailored and flexible structure, to support the growth plans and visions for value creation.