M&A Deal Summary

PennSpring Capital Acquires Refresh LED

On October 15, 2024, private equity firm PennSpring Capital acquired media company Refresh LED

Acquisition Highlights
  • This is PennSpring Capital’s 1st transaction in the Media sector.
  • This is PennSpring Capital’s 10th transaction in the United States.
  • This is PennSpring Capital’s 6th transaction in Pennsylvania.

M&A Deal Summary
Date 2024-10-15
Target Refresh LED
Sector Media
Buyer(s) PennSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Refresh LED

Mechanicsburg, Pennsylvania, United States
Refresh LED is a full-service provider of high-quality LED video walls and displays for houses of worship, universities, and commercial clients seeking to enhance participant experience. Refresh LED was founded in 2019 and is based in Mechanicsburg, Pennsylvania.

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Buyer(S) 1

Buyer

PennSpring Capital

Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Agnostic
DESCRIPTION

PennSpring Capital is a private investment firm focused on acquiring profitable, lower middle-market companies with up to $5 million of EBITDA. The Firm will consider both established as well as emerging/growth companies, and generally prefers opportunities throughout the East region of the US. Areas of interest include business services, sports, media/technology, healthcare, and education services. PennSpring Capital was formed in 2018 and is headquartered in Lancaster, Pennsylvania.

DEAL STATS #
Overall 10 of 10
Sector (Media) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Pennsylvania) 6 of 6
Country (United States) 10 of 10
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Zirtual

Powell, Ohio, United States

Zirtual is a virtual assistant platform. Zirtual was founded in 2011 and is based in Powell, Ohio.

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