Spectrio, a portfolio company of The Riverside Company, has acquired TMS Audio Productions (TMS). This is the fourth add-on completed by Riverside since acquiring Spectrio in October 2014 from SJ Partners.
Like the prior three add-ons Spectrio has completed, TMS provides telephone-based on-hold marketing services and other services such as digital signage and web related development to approximately 400 customers, primarily in the healthcare and financial industries. The company was founded in 1992 by Ron Brown and is based in Jefferson City, MO (www.tmsaudio.com).
Spectrio completed its first add-on acquisition with the buy of Rowley, MA-based Sound Marketing Concepts in March 2015 and acquired Greensboro, NC-based Message On Hold Plus in April 2015. The last add-on was the buy of Charlotte-based Vital Media earlier this month. Riverside continues to seek add-ons for Spectrio.
Spectrio is a national provider of on-hold messaging and digital signage managed services. Services include content creation, professional production of audio or visual content, installation, and network management. The company is based near Tampa in Oldsmar, FL (www.spectrio.com).
“We’re excited about adding TMS to Spectrio’s growing customer base, and this transaction provides access to Spectrio’s broader product and service line for existing TMS customers,” said Riverside Partner Peter Tsang.
Working with Mr. Tsang on the transaction for Riverside were Partner Chris Jones, Senior Associate Max Moehlmann, Associate Linda Xu and Operating Partner George Benson. Scott Gilbertson sourced the acquisition for Riverside.
The Riverside Company invests in businesses valued at up to $300 million. Since its founding in 1988, Riverside has invested in more than 410 transactions. The firm’s international portfolio includes more than 80 companies. Riverside is headquartered in New York with additional offices in Atlanta, Chicago, Cleveland, Dallas, Los Angeles, San Francisco, and London (www.riversidecompany.com).
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