Project Description

Royston Group

IOP Fund III

Acquisition Date: March 2018
Status: Current
Headquarters: Jasper, GA
Add-on Acquisitions:

2020 – ProImage Wholesale Signs
2020 – Southern CaseArts
2020 – Hamilton Laboratory Systems
2018 – SignResource
Seeking additional acquisitions

DESCRIPTION

Designer, manufacturer and installer of custom, high‐quality check-out and merchandising fixtures and equipment. The company’s core customer base consists of convenience store, grocery and mass-merchandise chains across North America.

In July 2018, Royston acquired SignResource LLC, a designer, manufacturer and installer of exterior and interior signage and brand identification solutions for customers throughout North America. SignResource’s core end markets consist of retail fuel/convenience store chains, retail and hospitality, and quick service restaurants, creating cross-selling opportunities and other synergies between SignResource and Royston. SignResource is based in Los Angeles.

In February 2020, Royston expanded into the heath care and industrial laboratory end markets through the acquisition of Hamilton Laboratory Systems. Hamilton designs and manufactures laboratory furniture and fume hoods for the education, health care and industrial laboratory markets. Hamilton’s US manufacturing operations are headquartered in Manitowoc, Wisconsin, with an additional manufacturing facility in Shanghai, China.

In July 2020, Royston acquired Southern CaseArts, a designer and manufacturer of innovative merchandising cases for the grocery and convenience store industries. SCA was founded in 1981 and is based in Bessemer, Ala.

In August 2020, Royston Group acquired the assets of ProImage Wholesale Signs. ProImage is a wholesale manufacturer of retail signage based in Jacksboro, Tennessee. The facility will become the East Coast sign manufacturing hub for Royston Group’s Los Angeles-based subsidiary, SignResource.

OPERATING THESIS

Provide support to existing management team

Create fundamental improvement in operating performance:

  • Execute continuous improvement and cost-savings initiatives
  • Invest in high-return capital projects
  • Implement strategic sourcing plan
  • Further penetration of new and existing markets
  • Pursue acquisitions opportunistically to expand capabilities and end markets