Design Space, Inc. (“DSI”) is a leading regional manufacturer of modular buildings. The vast majority of DSI’s buildings are manufactured for commercial uses such as mobile construction field offices, office buildings, classrooms, health care/medical buildings, daycare centers, and toilet/shower units. DSI sells through a network of dealers rather than working directly with the buildings ultimate customer. Approximately 95% of these structures are custom built to the end-user’s specifications. DSI operates three plants in southern Georgia.
Merit invested both subordinated debt and equity in support of the acquisition.