DAVACO Inc., the national provider of retail services and solutions, has announced that Mike Murray, Senior Vice President of Operations, will direct the company's merger and acquisition initiatives. In this role, Murray will be responsible for identifying and developing potential acquisition opportunities, managing negotiations, and leading the integration and operations of acquired companies. Murray currently oversees NCS, a regional retail services company that was acquired by DAVACO in 2004, as well as the company's project management division, design services, and cost management departments. He reports directly to Gerry Geddis, president and chief operating officer.
"I am eager to head up DAVACO's merger and acquisition initiatives. The company has the ability to further expand on our high-quality services offering by targeting other companies that offer exemplary services for the retail industry," says Murray. "In 2007 we will actively identify and engage companies that strategically expand our nationwide and global service capabilities to meet the growing needs of retail brands."
DAVACO, which is headquartered in Dallas, Texas, specializes in project management, in-store merchandising, shop-in-shops, and high-volume rollouts, retrofits, resets and new stores. The privately held company is debt-free, and has consistently maintained double-digit growth since it was founded in 1990. "The dynamic nature of the retail industry makes it important for DAVACO to continue to develop and grow with our clients and help manage their specialized needs at retail," says Rick Davis, CEO of DAVACO. "We are seeking businesses that enhance our retail expertise and have business philosophies consistent with the vision for DAVACO."