Kinzie Capital Partners LLC, a Chicago-based private equity firm, has through an affiliated entity acquired Elgin-based Colony Display LLC.

Founded in 1983 by Jerry Zich and Kent West, Colony provides highly customized fixtures and displays servicing the home improvement, retail and hospitality industries. The company will continue to be led by CEO Chuck Zich.

Kent West, co-founder and former Colony CEO, said: "After 37 years, finding the right company to sell to was very important to us. We wanted someone who shared our vision and would allow us, and our management, to invest in Colony's next phase of growth. Kinzie's collaborative approach was the perfect fit for us. In addition, Kinzie's operational experience will be invaluable as we execute our strategic plan, while continuing to provide best in class retail and hospitality environments to our customers."

Zich added: "We are excited to partner with Kinzie to continue the strong trajectory of our business. Kinzie provides us with the tools and resources to advance our strategy underpinned by our longstanding commitment to be a trusted partner to our customers."

Terms of the transaction were not disclosed.