Stratus, a facilities and brand implementation services firm, announces the acquisition of Comet Signs, a San Antonio, Texas-based sign manufacturer. The combined organization now consists of over 1,100 employees throughout the United States.
“Our teams immediately melded with each other – we have a shared value system and strong beliefs in nurturing customer relationships and growth over time,” notes Tim Eippert, CEO of Stratus. “Comet’s reputation is stellar, and they’ve been careful and purposeful about growth, including hiring practices and employee satisfaction and retention.”
Founded in 1958, Comet Signs has expanded over time and has become known as an exterior branding resource in the region. The company occupies a 180,000-square-foot production facility at its San Antonio, Texas headquarters, with an additional 70,000+ square feet of operations in Austin, Dallas, Houston, and Tyler, Texas.
“When Tim and I were getting to know each other, I could immediately picture myself and my team working side-by-side with Stratus,” says Pete Sitterle, CEO of Comet Signs. “At Comet, we have grown by taking very good care of our customers. Tim and Stratus share that approach; the customer is always at the center of their minds. That’s why this is such a great fit. We look forward to our customers taking advantage of everything Stratus has to offer, and we look forward to personally servicing Stratus’ customers all across Texas.”
Headquartered in Mentor, Ohio, Stratus has operations centers in Illinois, Ohio, Florida, and New Jersey and production facilities in Illinois and South Carolina. With the acquisition of Comet Signs, Stratus says it will accelerate its growth in the Southwest and Western United States, leveraging Comet’s presence in key Texas areas.
Terms of the transaction were not disclosed. The Comet acquisition represents Stratus’ third major acquisition since late 2019.