Ping HD Sold to Spectrio

Stevenson Completes Sale of Ping HD to Spectrio

Result:    Business Sold to Private Equity owned Strategic Buyer

Industry: Technology – Digital Signage; Software-as-a-Service (SaaS) Content Management

Ping HD, a digital signage technology company was sold to Spectrio, a leading provider of customer engagement solutions based in Tampa, FL.  Stevenson & Company served as the exclusive sale advisor to Ping HD and its shareholders.

Established in 2007 in Denver, CO, Ping HD has been delivering best-in-class technology solutions to its customers using its proprietary content management system, EngagePHD, deployed as a SaaS platform.  Ping provides digital signage solutions to over 200 of the largest, high-profile venues in North America including many major league baseball, football and soccer stadiums, college and professional arenas, and serves other industries including entertainment, retail, healthcare, cannabis and hospitality.

Spectrio, a portfolio company of Bertram Capital and The Riverside Company, serves over 150,000 franchise and enterprise locations in multiple industries including quick-serve restaurants, automotive, healthcare, and financial services. Spectrio’s leadership team is committed to building an extensive digital footprint to connect existing and new users across a comprehensive solutions suite that now includes Ping’s easy-to-use and deploy EngagePHD platform.

Of the Stevenson trusted advisor team, Stephen Young, owner of Ping HD remarked “The Stevenson team led an aggressive sale process, amid a number of complexities and challenges throughout. Their guidance, leadership and commitment were crucial to identifying the right candidate and achieving a successful closing – the process exceeded our expectations. Stevenson’s commitment to hands-on leadership enabled our executive team to remain focused on day-to-day operations and growth with minimal distraction. Overall, it has been a very gratifying experience.”