DDP Holdings Inc., a Riverview, Fla.-based provider of merchandising and store set-up services to big-box national retailers, has acquires CSA LLC, a Mooresville, N.C.-based provider of retail merchandising services to the home improvement market. No financial terms were disclosed. DDP is a portfolio company of Palm Beach Capital.
DDP Holdings, Inc. announced today the acquisition of CSA, LLC. Based in
With the addition of CSA, DDP Holdings, Inc. now has over 1,000 core associates plus another 2,000 flex associates to support its needs. DDP anticipates having a total of 6,000 associates available for 2009. This combined labor force will position DDP as a leader for merchandising and other retailer support services for the “Big Box“ class of trade particularly the Home Improvement channel. Other retailer support services performed by DDP and its subsidiaries, MI-DE Construction and ionSmart Team, include new store build outs, retrofits and resets as well as fixture and graphic installation.
Walt McConnell, President of CSA, will continue with DDP as Executive Vice President and oversee all of the firm's reset and installation projects. Additionally, Mr. McConnell will be DDP's largest individual shareholder. Mr. McConnell remarked, “The marriage of these two companies plus the resources of Palm Beach Capital creates an excellent platform for growth not just within the Home Improvement industry but across all types of retailers and their associated vendor community.“
Mike Sunderland will continue in his role as President of DDP Holdings. “This is an excellent addition to the DDP family. CSA and their valued associates will enhance and broaden our service capabilities and allow DDP to grow with our current customers.“ Additionally, Tim Sexton will continue in his leadership of the MI-DE Construction subsidiary for DDP.
About DDP Holdings
DDP Holdings, based in
Founded in 2001, Palm Beach Capital is a private equity investment firm which specializes in making investments in and building early and middle-stage private companies. With offices in both