MAYWOOD, Calif. -- SignResource LLC and Royston LLC have come together under a new holding company, SRR Holdings Inc., which Industrial Opportunity Partners (IOP) formed to acquire both companies. SignResource and Royston will collaborate but will remain independently operated businesses under SRR Holdings.
SignResource, Maywood, Calif., is a designer, manufacturer and installer of exterior and interior signage, and LED applications and brand identification products, primarily for retail fuel and convenience-store chains, retail, hospitality and quick-service restaurants (QSRs). “The management team is excited to begin this next chapter of SignResource as an IOP portfolio company and as a teammate alongside Royston,” CEO Scott Van Ness said. “Our commitment to our customers has never been greater, and IOP is committed to fueling future growth, expanding manufacturing capabilities and achieving best-in-class service.”
Jasper, Ga.-based Royston is a designer, manufacturer and installer of custom checkout and merchandising fixtures and equipment. The company’s core customer base consists of c-store, grocery and mass-merchandise chains in North America. Royston CEO Mark Kenline said, “We welcome the addition of SignResource to the SRR Holdings platform and look forward to working with the SignResource team.”
IOP, an Evanston, Ill.-based private equity firm with $910 million of committed capital since inception, invests in manufacturing and value-added distribution businesses with sales of $30 million to $400 million. IOP provides management and operational resources to support sales and earnings growth at its businesses.