DGS Retail, a portfolio company of San Francisco Equity Partners, has acquired SMS Display Group, a Chicago-based designer and manufacturer of retail fixtures and displays. The acquisition is DGS’ second acquisition in the past year under partnership with SFEP, following its acquisition of Rich Limited in 2023. DGS also announced the formation of Agility Retail Group, (www.agilityretail.com), which will serve as the company’s operating brand going forward.