Boxlight Corporation Acquires FrontRow Calypso LLC
January 5, 2022
Boxlight Corporation (Nasdaq: BOXL) has completed the acquisition of FrontRow Calypso LLC, a Petaluma-based provider of classroom audio, campus communication and AV control solutions. The deal was financed in part by a $68.5 million credit facility from WhiteHawk Finance, which also refinanced existing debt and provided working capital; Boxlight expects FrontRow to contribute roughly $30 million in sales and $7 million in EBITDA for fiscal 2022.
- Buyers
- Boxlight Corporation
- Targets
- FrontRow Calypso LLC, FrontRow
- Industry
- Education
- Location
- California, United States
- Transaction Type
- Buyout
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