Watchfire Signs (Danville, IL), which is owned by an affiliate of H.I.G. Capital, has announced that it has completed the purchase of the assets of Spectrum Scoreboards (Houston), giving the company “a complete line of fixed-digital sports scoreboards and timing displays,” according to a press release from Watchfire.
Founded in 1971, Spectrum is one of the largest privately-owned manufacturers of sporting event scoreboards. The company pioneered the use of LED technology in fixed-digit scoreboards in 1993 and serves a wide variety of customers that include private and public schools, colleges, parks and stadiums – per the release.
Kyle Dines, VP of sports, indoor and outdoor advertising at Watchfire, is quoted in the release: “Spectrum shares our commitment to high-quality domestic manufacturing and customer service and provides the ideal complement to Watchfire’s sports product line. Their fixed-digit scoreboards and our video displays are the combination the market needs, and this acquisition puts us in a position to serve schools and sporting facilities of any size. … Together we will bring the sports market a single-source solution to all video display and scoring needs.”
Spectrum’s Houston location will remain fully operational, continuing all manufacturing, sales and support functions. “It really is the best possible fit,” said Jim Bishop, co-founder of Spectrum Scoreboards, in the release. “This has been a family-owned business since the beginning, so we worked really hard in this process to identify a company that was aligned with our business philosophy. Watchfire understands our commitment to building a domestically-manufactured product that delivers superior performance and then backing it up with unmatched customer service. I know that our employees and our customers are in the very best hands.”
This transaction represents the second acquisition that Watchfire has completed since H.I.G. Capital acquired Watchfire in July 2022.
For more information, visit watchfiresigns.com.