Fort Worth-based 2020 Companies, a nationwide outsourced sales, merchandising and marketing agency, announced Oct. 26 that Chairman and CEO Christopher B. Munday has acquired a controlling interest in the company from Golden Gate Capital. Golden Gate Capital will maintain a minority equity interest in the company. In addition, Munday has retired as an operating partner of Golden Gate Capital to focus on his role as Chairman and CEO of 2020.
With over 10,000 employees across the U.S., 2020 Companies partners with and supports the world’s largest brands and retailers to facilitate sales, marketing, merchandising, training, and events in over 50,000 retail locations. 2020 offers a turnkey outsourced solution to recruiting, training and managing programs while consistently achieving superior results for clients.
“2020 Companies’ unique operating systems and robust infrastructure set us up perfectly to continue growing our industry-leading position,” said Munday. “We have the right leadership team and capital in place to fuel our growth, which has been phenomenal over the past several years. We are more excited than ever to take the company to new heights in this next chapter of our history.”
After joining 2020 as CEO in 2008, Munday led the company through consecutive years of significant growth and strongly positioned 2020 as a leader in the sales and marketing arenas. Mr. Munday recently received Ernst & Young’s 2018 Entrepreneur of the Year award in the Services category for the Southwest region on behalf of 2020 and will attend the National Awards finals in November 2018.
“Chris has been an excellent leader for 2020 and a valued partner of Golden Gate Capital. We thank him for his many contributions as an operating partner over the past 10 years, and we look forward to watching 2020 continue its impressive growth trajectory,” said David Dominik, managing director and chief investment officer of Golden Gate Capital.