March 13, 2023
Watchfire, a subsidiary of H.I.G. Capital with a focus on digital displays, has acquired Houston-based Spectrum Scoreboards, including the latter firm's line of fixed-digital scoreboards and timing displays, according to a press release.
Founded in 1971, Spectrum pioneered the use of LED in fixed-digit scoreboards in 1993, and the company has built a customer base across schools, colleges, parks and stadiums.
"It really is the best possible fit," Jim Bishop, co-founder of Spectrum Scoreboards, said 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."