Colony Display LLC, a portfolio company of Kinzie Capital Partners LLC, a Chicago based private equity firm, has acquired Braeside Displays, a independent point-of-purchase display manufacturer. The transaction was completed in partnership with Braeside’s and Colony’s management.
Braeside specializes in the design, engineering and manufacturing of stock and custom point-of-purchase displays. Braeside’s President and CEO Nathan Kelly will join Colony as senior vice president of customer strategy and development.
“Braeside is thrilled to join forces with Colony, and we are confident our decades of work creating custom display solutions will be an asset to Colony’s customer base,” said Kelly. “The resources and support from Kinzie will help us further our growth, and I look forward to joining the Colony team in this new role.”
Chuck Zich, chief executive Officer of Colony, said, “The acquisition of Braeside strategically enhances Colony’s abilities and allows us to meet a wider array of needs for our customers. We expect their added expertise and experience will help us achieve our strategic goals.”
Suzanne Yoon, founder and managing partner of Kinzie, added, “We believe the addition of Braeside will help Colony advance the strong trajectory of their business and enhance their services for customers. Kinzie is proud to support their continued growth and will continue to work alongside Chuck and the rest of the management team to ensure continued success.”
The deal was financed by funds and accounts managed by BlackRock. Mesirow Financial Inc. served as the exclusive financial advisor to Braeside.