Tampa-based Creative Sign Designs LLC has completed a growth recapitalization with Atlanta-based family investment company Heritage Growth Partners LLC. This is the next step to support the growing operations at Creative and will allow it to fund future acquisition initiatives.
Creative’s partnership with Heritage Growth allows Larry Morgan, an investor and partner in the business since 2005, to focus efforts on his expanding auto dealership business, Morgan Auto Group. Additionally, Hancock Whitney Bank provided a new senior secured debt facility in connection with the transaction.
“In addition to capital, Heritage Growth brings strategic relationships and acquisition expertise which will help Creative reach its true potential. We look forward to accelerating our growth organically as well as expanding the business through selective acquisitions that bolster our capabilities and broaden our reach,” said Creative’s CEO Jamie Harden.
Creative Sign Designs services include consultation, installation and design for exterior and interior graphics. According to Tampa Bay Business Journal research, the company’s revenue has increased every year, earning $24.01 million for the previous year.
Heritage Growth Managing Partner Alex Mammen said he’s excited to help the company reach its next growth objective. This also marks the first time the company has invested outside of the state of Georgia.
“We have been impressed by the culture, values and leadership of the Creative team and their impressive roster of projects which includes a number of high-profile clients in the transportation, industrial, hospitality, multifamily, health care and education sectors,” said Mammen, in a statement.
Creative is headquartered in Tampa and maintains a field office in Orlando. The company has approximately 150 employees, including 15 sales representatives in Florida and Tennessee.