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But there are plenty of success stories. HPG's private equity backing has helped it make multiple acquisitions over the past few years. Many of the industry's largest suppliers are now owned in full or in part by private equity firms, with sustained growth to show for it.
S&S was already the industry's second largest supplier by 2019 revenue. It will be interesting to see how it continues to grow with private equity support.
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Brendan Menapace
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Brendan Menapace is the content director for Promo+Promo Marketing.
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