Project Description

Royston LLC

IOP Fund III

Acquisition Date: March 2018
Status: Current
Notes: Part of SRR Holdings Platform
Headquarters: Jasper, GA
Add-on Acquisitions:

2020 – Hamilton Laboratory Systems
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 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.

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