Jackson & Perkins, Park Seed Combine As JPPA
The two companies are now one - Jackson Perkins Park Acquisition - following private equity firm Blackstreet Capital's purchase of them last week.
August 31, 2010
The industry companies forever known as Jackson & Perkins and Park Seed are now one company, Jackson Perkins Park Acquisition (JPPA), following the private equity firm Blackstreet Capital's $12.8 million purchase of them last week.
Both companies will be headquartered in Greenwood, S.C., where Park Seed has a long history and to which Jackson & Perkins moved in 2007. Park Seed purchased Jackson & Perkins in 2007.
"Everything is under one ownership now," says Steve Winterfeldt, a horticulturist at JPPA. "Things worked out very well and we're going to stay right here in South Carolina."
"We all feel very positive. We love what we do. We are reorganized, energized and we are going to have the funds and resources to really improve our offerings."