Michael Boykin couldn’t ignore the signs: It was time to sell.
Boykin last week sold his five-year-old business Display, Designs & Signs to printing and marketing agency Allegra for an undisclosed amount. The deal closed June 5.
“I am truly excited about this new relationship, as I will now be able to focus my attention on serving customers while expanding our creative capacity and capabilities,” Boykin wrote in an email to clients.
The decision to sell was made in part because Display, Designs & Signs was losing money, Boykin said in an interview last week.
The business recently vacated its space at 2114 Dabney Road and will soon move into Allegra’s office nearby at 2100 Maywill St., near Staples Mill Road and Broad Street.
Boykin said he will join Allegra as an account manager. The company has 12 employees in Richmond and works with small and medium-size businesses, nonprofits and schools, according to owner John Ferguson.