Uniguest has acquired Tripleplay
7 Mile Advisors acted as the exclusive buyside advisor to Uniguest in their acquisition of Tripleplay.
Atlantic Street Capital Portfolio Company, Uniguest, Expands Digital Signage Solutions By Completing Acquisition of Tripleplay
Uniguest acquires UK-based Tripleplay, a leading IPTV and interactive hotel TV solutions company.
CHARLOTTE, NC — Uniguest, a Nashville, TN-based cybersecurity technology specialist with a customer-centric approach to providing fully managed engagement technology solutions, has completed their third acquisition in the past 18 months. Uniguest is a portfolio company of Atlantic Street Capital, a 13 year old private equity fund with over $950 million in assets under management. The acquisition of Tripleplay, a UK-based market leader in the development of digital signage, IPTV, and video streaming solutions, will complement the June 2018 addition of ONELAN, creating a global leader for digital signage, content management, and IPTV solutions.
7 Mile Advisors (“7 Mile”), a boutique investment bank serving technology and business services clients globally, acted as the exclusive buy-side advisor to Uniguest on the Tripleplay transaction.
7 Mile has advised Uniguest on all three of their recent transactions; including ONELAN, Touchtown, and most recently, Tripleplay. The strong partnership, and strategic alignment, between the two firms has allowed 7 Mile to work as an extension of the Uniguest team over the past 24 months. “Relationships that lead to closing several transactions in a relatively short period are not often achieved in middle-market investment banking. We’re grateful for clients like Uniguest that have highly-capable and diligent leadership, a laser focus on executing its corporate strategy, and the flexibility to be successful in a highly innovative and ever-changing technology ecosystem. This unique combination has laid the foundation for continued growth and innovation from an organization that’s already considered a market leader and trailblazer in the customer-facing technology space.” says Tim Frye, Director at 7 Mile Advisors
“With the successful acquisition and integration of the ONELAN business into our portfolio in 2018, we reviewed a number of providers who could offer complementary solutions which aligned with our core strategy to deliver digital engagement to the industries we operate in,” Uniguest CEO Jeff Hiscox said. “Tripleplay was by far the best solution in the market and fit this profile perfectly; we’re delighted to bring them under the Uniguest umbrella. By pairing Tripleplay with ONELAN, we are creating a powerhouse for the AV industry and are excited to start this journey. We believe this is a great outcome for our clients and employees and are very excited about our future together.”
Steve Rickless, Tripleplay CEO, will oversee the combined Tripleplay and ONELAN organizations with support from the Tripleplay and ONELAN executive teams. Both companies will continue to operate from their respective offices with their current team members. The ability to leverage one another’s technical skills, research, and product sets will not only accelerate company growth but will benefit clients and partners as well.
Since the beginning of 2019, 7 Mile has completed 9 transactions in the business services space. Our recent M&A Update, coupled with quarterly earnings calls results, revealed a consolidation trend, and a frenzied search for lower-middle market companies who provide new age digital services. Amid the motivation to transition legacy IT businesses towards a digital services model, we continue to see strong valuations and expect M&A activity to continue. For additional resources on M&A activity and benchmarking, visit 7 Mile’s Sectorwatch research, industry whitepapers, or podcast.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, as well as provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
Uniguest is a global leader in providing highly secure, fully managed engagement technology solutions to the hospitality, senior living, specialty retail, education, and corporate sectors. The Uniguest central content manager provides the horizontal platform to enable the vertical components required in its core markets. Uniguest is highly focused on creating deep client relationships as evidenced by its most recent NPS score of 77. Uniguest provides turnkey technology solutions that include hardware and software solution packages, system implementation, and 24/7/365 multi-lingual support. www.uniguest.com
Tripleplay is a market leader in the development and delivery of IPTV, digital signage, and video streaming solutions. With over 5,000 server deployments worldwide and a global network of over 100 integration partners, Tripleplay is a genuine global business.
Tripleplay has vast experience in the sports and arena industry, banking and finance, hospitality and accommodation, as well as clients in several other industries. Its solutions include a full digital signage CMS, IPTV headend, mobile and desktop streaming and VOD apps, and an interactive portal solution for accommodation TV delivery.
Tripleplay is headquartered in the UK, with regional headquarters in Florida, Spain, Singapore, and the UAE with teams across the globe in strategic locations. www.tripleplay.tv