{"id":8984,"date":"2019-12-02T00:00:00","date_gmt":"2019-12-02T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-on-the-sale-of-spotsee-to-harbour-group\/"},"modified":"2026-06-01T20:06:16","modified_gmt":"2026-06-02T00:06:16","slug":"livingstone-advises-on-the-sale-of-spotsee-to-harbour-group","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-on-the-sale-of-spotsee-to-harbour-group\/","title":{"rendered":"Livingstone advises on the sale of SpotSee to Harbour Group"},"content":{"rendered":"\n<p><strong>Livingstone\u2019s Industrial group is pleased to announce the sale of Media Recovery Inc., dba SpotSee Holdings &lpar;\u201cSpotSee\u201d or \u201cthe Company\u201d&rpar;, a portfolio company of Capital Southwest Corporation &lpar;\u201cCSWC\u201d&rpar; &lpar;Nasdaq:CSWC&rpar;, to Harbour Group.&nbsp; Livingstone acted as the exclusive financial advisor to SpotSee.<\/strong><\/p><p>Headquartered in Dallas, Texas, SpotSee is a leading developer and manufacturer of shock, vibration, temperature, and other environmental condition monitoring solutions for in-transit, in-plant, and in-storage applications.&nbsp; The Company is recognized as an expert in shock and vibration management and monitoring with nearly 45 years of experience designing battery-efficient, end-to-end solutions focused on damage prevention, detection, and traceability.&nbsp; SpotSee offers a broad portfolio of branded products including indicator devices, RFID, Bluetooth, satellite, and cellular connected devices that provide real-time tracking, monitoring, and reporting capabilities.<\/p><p><em>\u201cLivingstone was a great advisor in helping us navigate the complex process of selecting a partner that shared our vision.&nbsp; They were excellent guides through the transaction process, preparing our team, and creating optionality,\u201d<\/em> said <strong>Tony Fonk, Chief Executive Officer of SpotSee<\/strong>. <em>\u201cWe are excited and look forward to joining the Harbour Group family.&nbsp; With a strong reputation of operational excellence, Harbour Group is uniquely positioned to assist in our efforts to grow the business.&nbsp; We believe this partnership will accelerate our new product development and continue to build a strong brand in growing markets.\u201d<\/em><\/p><p>Harbour Group is a privately owned, operations-focused company based in St. Louis, Missouri. Harbour Group\u2019s companies are engaged in manufacturing and distribution across diverse industries.&nbsp; Since its founding in 1976, Harbour Group has acquired 210 companies in 46 different industries.<\/p><p><strong>Jeff Fox, Chairman and Chief Executive Officer of Harbour Group<\/strong>, noted, <em>\u201cWe are excited to welcome SpotSee to the Harbour Group family.&nbsp; SpotSee offers a well-recognized and respected brand of products uniquely positioned to serve customers across diverse end markets.&nbsp; In a world where connectivity is in high demand, we are eager to support the SpotSee team as they continue to innovate and launch new products into a growing market.&nbsp; We intend to invest in new product development, new markets, and complementary acquisitions.\u201d<\/em><\/p><p><em>\u201cOver the past four years, the management team has done a stellar job growing the business and positioning the Company for future growth.&nbsp; We have thoroughly enjoyed our close working relationship with the team and wish them all the best as they continue their strong performance with their new partner,\u201d<\/em> said <strong>Bowen Diehl, President and Chief Executive Officer of CSWC<\/strong>.&nbsp;<em>\u201cLivingstone provided the shareholders and management expert guidance and demonstrated their sector knowledge and proficiency executing this global transaction process.\u201d<\/em><\/p><p><em>\u201cThe IIoT sector is expected to grow exponentially, leveraging the need for real-time data and analytics to drive growth and profitability in an ever-increasing field of applications,\u201d<\/em> commented <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/team\/andrew-isgrig\"><strong>Andy Isgrig<\/strong><\/a><strong>, Partner at Livingstone<\/strong>. <em>\u201cOur Industrial Technology team is focused on helping our clients capitalize on the resulting market opportunities in this sector.\u201d<\/em><\/p><p>SpotSee is Livingstone\u2019s 137th transaction completed since 2018 and the 48th global industrial transaction closed in the same timeframe following the sales of Royal Truck Body to Spartan Motors, Artistic Carton to Graphic Packaging, and The Mason Company to Midmark Corporation.<\/p><p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.mcguirewoods.com\/\">McGuireWoods LLP<\/a> provided legal counsel and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/riveron.com\/\">Riveron Consulting, LP<\/a> provided accounting services to SpotSee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Livingstone advised SpotSee, a portfolio company of Capital Southwest Corporation &lpar;Nasdaq:CSWC&rpar;, to Harbour Group. \u00a0Livingstone acted as the exclusive financial advisor to SpotSee.<\/p>\n","protected":false},"featured_media":3530,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-8984","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1194,1189,1205],"date":"20191202","client_type":42,"type":[1111],"region":[376],"services":[434],"sectors":[637,653],"related_transactions":[8952,8946,8940],"related_testimonials":[50859],"contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Livingstone advises on the sale of SpotSee to Harbour Group - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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