San Francisco Equity Partners (SFEP) has acquired DGS Retail, a provider of retail décor, signage, fixtures, and displays, from Rock Island Capital.
Rock Island Capital and Isleworth Capital first invested in DGS in September 2017.
DGS’ four operating divisions – with a combined 400,000 square feet across five facilities in Massachusetts, Florida, Illinois, Wisconsin and California – provide design, procurement, manufacturing and installation services across multiple product categories including shelving, store fixtures, sign holders, aisle signs and decorations. The company’s products are used by national and large regional customers in the grocery, retail, foodservice, and consumer brand end markets.
DGS, led by CEO Peter Stevens, was founded in 1979 and is headquartered 25 miles south of Boston in Mansfield, Massachusetts.
“SFEP’s experience working with both consumer brands and business-to-business companies serving consumer end markets makes this an ideal partnership for us,” said Mr. Stevens. “Partnering with SFEP will give DGS greater access to operational resources and capital to drive growth.”
“DGS has an impressive track record of growth built on strong, long-term relationships with a large and diverse base of national and regional customers,” said David Mannix, a partner at SFEP. “The DGS team has built a broad set of capabilities through both organic growth and synergistic acquisitions, which enable the company to compete and win in a large and extremely fragmented market.”
“Through a unique combination of consumer industry experience and our operationally intensive investment approach, we are able to deliver compelling outcomes for our stakeholders,” said Scott Potter, a managing partner at SFEP. “We believe DGS has tremendous growth potential and we’re excited to partner with Peter and his exceptional team.”
San Francisco Equity Partners makes control and minority investments of $5 million to $25 million in consumer companies that have revenue up to $100 million and EBITDA up to $10 million. Consumer sectors of specific interest include apparel; beauty and personal care; food and beverage; health and wellness; household products; outdoor and recreation; pet care; and specialty retail.
Rock Island Capital makes majority or minority investments in United States-based manufacturing, distribution or service companies with enterprise values from $10 million to $150 million. Rock Island Capital was founded in 2005 and is headquartered near Chicago in Oak Brook, Illinois.
© 2022 Private Equity Professional | November 23, 2022