October 10, 2014 – New Canaan Funding (“NCF”) provided financing to support the acquisition of Spectrio, LLC (“Spectrio”) by The Riverside Company. New Canaan Funding (“NCF”) provided subordinated notes and equity in Spectrio as part of this acquisition.
Spectrio, headquartered in Oldsmar, Florida and founded in 2002, is a leading provider of on-hold messaging and digital signage. On-hold messaging consists of the messages that customers hear when they are place on hold after calling a business location. Encompassing both voice and music content, Spectrio’s solution enables clients to deliver customized, location-specific messages. Digital signage includes the audio and visual content displayed on digital signs inside a client’s place of business.
New Canaan Funding, with offices in New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its fifth fund. The investment in Spectrio represents NCF’s fifteenth investment in the fund.
The Riverside Company is a global private equity firm focused on investing in growing enterprises values at up to $250 million. The firm’s global portfolio includes more than 75 companies. Since its founding in 1988, Riverside has invested in more than 370 transactions.
Contact at New Canaan Funding:
Mark R. Thies
firstname.lastname@example.org 203-966-1071 x225