Minneapolis, Minnesota – Quazar Capital Corporation is pleased to announce that their client, Payson Store Fixtures, a division of Minneapolis, Minnesota-based SUPERVALU Inc., has been acquired by Massachusetts-based DGS Retail.
The Company – Payson Store Fixtures, located in Payson, Utah, designs and manufactures a broad range of custom wood retail fixtures, metal and plastic fixtures, and offers large-format digital printing. With these capabilities, Payson produces millwork fixtures and décor elements for supermarket, pharmacy, and other retail store environments.
The Situation – SUPERVALU made a strategic decision to find an industry-focused partner to take over its in-house store fixtures operation. SUPERVALU selected Quazar to assist them because they knew the transition would require the skills and confidentiality a smaller boutique firm could provide in this delicate situation.
Unique Challenge – SUPERVALU was very concerned that the “right” partner be found that would share SUPERVALU’s goals for a smooth transition, provide a healthy work environment for its employees, offer them growth opportunities, and had a drive to provide superior fixtures and products for SUPERVALU’s retail organization going forward.
The Resolution – Quazar quietly approached the industry looking for a qualified, strategic fit for its client. With SUPERVALU’s assistance, Quazar was able to narrow the field to a handful of companies that appeared to meet the strict criteria demanded by their client. Quazar’s process reduced the final parties to three companies who scheduled visits to the plant. Next, offers were solicited and eventually DGS surfaced as the best overall fit for Payson and SUPERVALU.