September 21, 2018

Bunker Hill Capital, a leading Boston based private equity investor in lower middle market companies, announced today its exit from PGHC Holdings, Inc. the parent company of Papa Gino’s and D’Angelo quick service restaurant chains. Over an extended investment period of 13 years, Bunker Hill Capital worked closely with the senior management team of PGHC in transforming its technology platform including a new custom on-line ordering system for Papa Gino’s, new inventory and labor management systems for both brands and new point of sale systems for both brands. This was all achieved despite a challenging economic environment due to the great recession of 2008 and increased competitive intrusion in its New England markets. Bunker Hill Capital recently exited the investment and transitioned board control to a new financial partner going forward.

About PGHC Holdings, Inc.
PGHC Holdings, Inc., headquartered in Dedham, Massachusetts, is a leading quick-service restaurant operator in New England. The Company has two brands that serve more than 50 million guests each year: Papa Gino’s pizza restaurants and D’Angelo sandwich shops. Both restaurant chains, each established over 40 years ago, are the leaders of their respective concepts in their markets served. Both brands share a commitment to provide high-quality products; attentive service; clean, convenient, attractive restaurants; and a premium value for every guest. The Company has over 270 systemwide locations in New England.

About Bunker Hill Capital
Bunker Hill Capital is a private equity firm that makes investments in lower middle market companies with enterprise values up to $120 million. The principals of Bunker Hill Capital have invested over $570 million in 36 transactions and target opportunities across four industry sectors including industrial products, business services, consumer products and specialty retail. Bunker Hill Capital’s current portfolio company investments include Dyno, the exclusive licensee of the Singer brand for sewing accessories and producer and marketer of holiday decorative home products; Hubbardton Forge, a Vermont based premier designer and manufacturer of branded hand-forged premium lighting fixtures; Medicinal Genomics, a microbial detection testing services company; ASPEQ Heating Group, a manufacturer of highly engineered electric heating and thermal management technologies; and Taos, a California based IT infrastructure consulting and managed services firm. For more information on Bunker Hill Capital, please visit www.bunkerhillcapital.com.

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