Praesidian Capital, a provider of mezzanine capital for small- and mid-sized businesses, announced it led a $24.3 million senior debt and equity investment in DisplayWorks LLC, an exhibit company based in Irvine, CA. DisplayWorks is a JPB Growth Capital Partners’ portfolio company and a provider in the design, fabrication and management of custom and modular trade show exhibits and environments.

The investment recapitalized DisplayWorks’ balance sheet and helped to finance its acquisition of Millennium Communications Group, LLC (MCG), a healthcare solutions company that provides customized marketing, communications and training programs to the medical pharmaceutical industry. MCG, recognized as one of the Inc. 500 fastest growing companies in America three years running, also ranked No. 52 on Inc. Magazine’s 2010 list of Fastest Growing Healthcare Companies in America.

James R. Bolduc, president and chief operating officer of JPB Partners, said, “The merger with MCG is an important step for DisplayWorks’ growth trajectory. We have partnered with Praesidian Capital several times in the past and chose to partner with them again as they have proven to be patient partners that add a great deal of value and support throughout an investment’s lifecycle.”

Neil A. Marks, managing partner of Praesidian Capital, said, “We’re pleased to be working with JPB Growth Capital Partners once again. Not only have they have proven themselves able to successfully grow companies organically and via acquisition, but they have also demonstrated the ability to effectively manage companies through economic downturns.”

JPB Partners is a services firm offering privately held, lower-middle market companies creative solutions for long-term enterprise value creation in the areas of growth capital, strategic advisory services and real estate asset management.