PennSpring Capital has acquired a majority stake in Refresh LED, a provider of LED video walls, aiming to enhance its market position and drive growth in the expanding North American LED display sector.

Information on the Target

PennSpring Capital has successfully completed the majority acquisition of Refresh LED, a distinguished national provider based in Mechanicsburg, Pennsylvania. Established in 2019, Refresh LED specializes in delivering high-quality LED video walls and displays to various sectors including houses of worship, universities, and commercial entities aiming to enhance user experiences. This strategic acquisition allows PennSpring to reinforce its commitment to stimulating economic growth in Central Pennsylvania.

The company currently demonstrates significant market influence with additional operational offices located in Las Vegas and Tampa. Refresh LED manages all phases of the project lifecycle, which encompasses design, project management, installation, and continued support, thereby positioning itself as a comprehensive service provider in the LED display sector.

Industry Overview in the Target’s Specific Country

The North American LED video wall display market, currently valued at approximately $6.5 billion, is on a robust growth trajectory. It is projected to reach nearly $10 billion by 2031, with a compound annual growth rate