Stampede Buys Spire

Distributor Stampede announced Monday that it has purchased Spire Global, the exclusive U.S. distributor of Sony video conferencing products. The move represents Stampede first foray into the video conferencing space.

Financial terms were not disclosed.

“Acquiring Spire was a great opportunity to widen our product portfolio with an additional specialty that is meaningful to our dealer base,” Mark Wilkins, CEO of Stampede, said as part of the announcement. “Our strategy is to look for additional acquisition opportunities that will strengthen our offering to dealers.”