Riverside Acquires Message On Hold Plus

Riverside Acquires Message On Hold Plus

mohplus nf1Riverside is continuing the build of its Spectrio on-hold marketing messaging platform with the buy of Message On Hold Plus (MOHPlus).

MOHPlus provides on-hold messaging at approximately 1,500 locations and it provides additional services including business music, auto attendant prompts and greetings.  The company sells primarily to healthcare customers such as hospitals and physicians, but also has building supply, insurance, financial, and hospitality clients.  MOHPlus is based in Greensboro, NC (www.mohplus.com).

peter tsang nf1“MOHPlus boasts a solid customer base in North Carolina with outstanding industry expertise,” said Riverside Principal Peter Tsang. “MOHPlus customers can look forward to continued excellent service in addition to new capabilities from Spectrio.”

This is the second add-on completed by Riverside since acquiring Spectrio in October 2014 from SJ Partners. Last month, Spectrio completed the acquisition of Sound Marketing Concepts, also a provider of on-hold marketing messaging.  Sound Marketing Concepts is based north of Boston in Rowley, MA (www.soundmarketingconcepts.com).

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).

Working with Mr. Tsang on the transactions for Riverside were Partner Chris Jones, Senior Associate Max Moehlmann, Associate Linda Xu and Operating Partner George Benson.

The Riverside Company is a global private equity firm focused on investing in and acquiring growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 380 transactions. The firm’s international portfolio includes more than 75 companies. Riverside is headquartered in New York with additional offices in Atlanta, Chicago, Cleveland, Dallas, Los Angeles, San Francisco, and London (www.riversidecompany.com).

Riverside’s strategy with Spectrio is to continue expansion of the company through organic growth and additional add-ons.

© 2015 PEPD • Private Equity’s Leading News Magazine • 4-15-15

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