CIVIQ Smartscapes Acquires Outdoor Interactive Station Rival Elevate DIGITAL
February 2, 2016 by Dave Haynes
The private equity firm that owns, among many things, CIVIQ Smartscapes, has acquired Chicago-based outdoor interactive station rival Elevate DIGITAL.
CIVIQ is the design and manufacturing company that’s part of a consortium putting interactive kiosks on the streets of New York City’s boroughs. That consortium includes Intersection (Titan, Control Group and Google), Qualcomm and CityBridge.
CIVIQ is also where signage industry vets Brad Gleeson and Brian Dusho hang their hats these days.
The attraction to Elevate would likely be two-fold – interactive software (including experienced engineering and design teams) and a footprint on streets and in airports across the US. Elevate’s website looks a little dated in terms of that footprint, but the company suggests it is in perhaps two-dozen cities (though that may involve a handful of interactive stations in each).
Elevate would also, presumably, have real-world experience and contacts at a pile of municipalities CIVIQ might want to eventually be in.
“The combination of CIVIQ Smartscapes’ experience and competency in smart city solutions, and elevate DIGITAL’s citizen mobility experience in municipal markets will make us ideally positioned to capture the growth opportunities created by the rapidly evolving smart cities sector,” says Brad Gleeson, Chief Commercial Officer, CIVIQ Smartscapes. “I’m excited to welcome elevate DIGITAL to the company as we look to create additional value both for our partners and for future projects.”
“We’ve been working with municipalities to overcome the challenges of smart city environments on a day-to-day basis for over 5 years now,” says George Burciaga, CEO of elevate DIGITAL. “We are looking forward to joining forces with CIVIQ Smartscapes.”
“This is a great step forward in the ability to offer a turnkey smart city solution,” says Michael D’Amelio, Managing Partner of JMC Capital Partners, the private equity owner of CIVIQ Smartscapes. “The two companies have extremely complimentary technologies and resources. We look forward to seeing the benefits of this synergy in action.”
No deal terms that I can find.
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