NewBold Technologies has completed its acquisition of Spencer Technologies, creating a larger North American technology managed services platform serving retail, restaurant, convenience store and warehousing customers. NewBold is a portfolio company of Fort Point Capital.
The combination expands NewBold’s geographic coverage and technical capabilities across point-of-sale systems, RFID, audiovisual technology, networking and payment infrastructure.
Spencer brings more than five decades of experience managing technology lifecycles for multi-site retail and hospitality companies.
The business supports more than 1,500 new store openings annually, handles more than 500 field jobs per day and reports a 97% on-time delivery rate across North American deployments.
NewBold provides deployment, integration, repair and maintenance services for point-of-sale and automated identification equipment.
It also operates a PCI-compliant key injection facility for payment devices.
Spencer CEO David Strickler will remain involved with the combined company in a consulting capacity.
Fort Point said the combination creates a platform capable of supporting customers across technology procurement, deployment, ongoing support, payment device management and lifecycle planning.
KEY QUOTES:
“Spencer brings exceptional retail relationships, operational maturity, technical talent, and a project management capability that is best-in-class. Combined with NewBold’s payment device expertise and nationwide technician network, we have the platform to compete at the very top of our industry.”
Johan Claassen, CEO Of NewBold Technologies
“The combined business will offer clients a single partner for technology procurement, deployment, support, payment device management, and lifecycle planning.”
Michael Duffy, Principal At Fort Point Capital
