Danville sign company has new ownership
Share this @internewscast.com

DANVILLE, Ill. (WCIA) — Watchfire Signs in Danville has a new owner.

Miami-based investment firm H.I.G. Capital manages more than 100 companies and is worth $50 billion. Now, one of its affiliates has purchased Watchfire.

Watchfire has been making signs for 90 years. Now, H.I.G. is partnering with the company’s current management to provide capital and resources to support its growing position across multiple segments of the digital display industry, including indoor and outdoor LED signs, digital billboards and video scoreboards. The company has installed more than 65,000.

“I am happy to be partnering with H.I.G. Capital to continue to drive growth, both organically and through aggressively pursuing add-on acquisition opportunities,” said Watchfire CEO Steve Harriott. “We are excited to leverage H.I.G.’s considerable experience investing in outdoor advertising companies to accelerate our own growth initiatives.”

“We believe Watchfire represents an ideal opportunity to invest in a premier provider of digital signage at a time when market tailwinds such as digital transformation and the replacement of aging signage will continue to drive growth,” said Ryan Kaplan, Managing Director at H.I.G. “We look forward to supporting Steve and the rest of his executive team as they continue to lead the company through its next exciting phase of expansion.”

Share this @internewscast.com
You May Also Like

Man Airlifted To Hospital after Injury at Gallia Street Business – Scioto County Daily News

First Responders airlifted a man to St. Mary’s Hospital after an accident…

New climate law to slice carbon pollution 40%

Clean energy incentives in the new spending package signed this week by…

California Woman Last Seen at a Gas Station Nearly 2 Weeks Ago – Crime Online

The parents of a missing California woman are asking the public’s help…

William Shatner pokes fun at billionaire ‘supervillain’ Elon Musk in scathing Daily Show segment

Star Trek star William Shatner sees Elon Musk as an eccentric supervillain…

Woman arrested after teen robbed, stripped of clothes, dumped out of own car, records show

SAN ANTONIO – San Antonio police arrested a woman who allegedly robbed…

Liz Cheney tries to hold on in GOP primary shaped by Trump

Liz Cheney tries to hold on in GOP primary shaped by Trump…

The Killer Nanny Louise Woodward’s Connection To The OJ Simpson Case

As Woodward’s case went to trial, she had Barry Scheck as a…

Gates Foundation adds Gayle, Dhawan as independent trustees

As the Bill & Melinda Gates Foundation works to expand its governance,…