Bowstring advises Merit Capital Partners on the Sale of Digney York

February 5, 2020 | Atlanta, GA

Bowstring Advisors (“Bowstring”), a division of Citizens Capital Markets, served as the exclusive financial advisor to Digney York Associates (“Digney York” or the “Company”) on its sale to Elkay Interior Systems (“Elkay” or “EIS”), a Division of Elkay Manufacturing Company. The Company was previously owned by Merit Capital Partners (“Merit”) and Company management.

Digney York is a leading provider of interior renovation services to luxury, upscale and midscale hospitality clients in North America. The Company utilizes a proprietary network of field partners and an innovative, fast-track method of renovating hotels to minimize revenue displacement and guest impact.

Tim MacKenzie, Managing Director at Merit Capital Partners, commented, “Bowstring delivered an exceptional outcome for Merit and Digney shareholders. They leveraged their deep facility services experience and designed a tight, hands-on process which ultimately delivered the optimal buyer for the Company. We thoroughly enjoyed working with the Bowstring team.”

Jason Wallace, Managing Director at Bowstring, added, “Merit and Digney York management have built a unique, industry-leading hospitality renovation platform. We believe the Company is well positioned to expand its market leadership through its partnership with Elkay, and we are excited to follow their continued success.”

This transaction was led by Jason Wallace and Ryan Sugrue leveraging Bowstring’s expertise in Industrial Services.

Bowstring delivered an exceptional outcome for Merit and Digney shareholders. They leveraged their deep facility services experience and designed a tight, hands-on process which ultimately delivered the optimal buyer for the Company. We thoroughly enjoyed working with the Bowstring team.

Tim MacKenzie
Managing Director
Merit Capital Partners