1450 Brickell Avenue
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H.I.G. Capital Completes Acquisition of AVI-SPL
MIAMI – April 28, 2016 – H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with $19 billion of equity capital under management, is pleased to announce that an affiliate has acquired AVI-SPL, Inc. (“AVI-SPL” or the “Company”).
AVI-SPL is the market leading end-to-end provider of audio visual and video collaboration solutions for organizations of all types around the world. AVI-SPL’s services enable global communications for the modern workplace, facilitating meaningful collaboration to enhance productivity for its enterprise clients. The H.I.G. relationship with AVI-SPL better positions the Company for opportunities in the growing collaboration solutions markets and to meet the demands of enterprise clients seeking global standards and delivery platforms.
Headquartered in Tampa, Florida, the Company has 1,500 employees throughout 35 locations worldwide, with 29 offices in the US and 6 internationally (Canada, UK and UAE). The Company’s extensive office footprint has supported the completion of over 35,000 AV and video collaboration deployments since 2008 in over 101 countries. A diverse array of clients rely on AVI-SPL to design, engineer and integrate increasingly complex collaboration solutions and to support their systems with maintenance, on-site staff and cloud-based managed services.
Richard Stokes, Managing Director at H.I.G. Capital, commented, “AVI-SPL is the established market leader in the AV systems and collaboration solutions market and we look forward to supporting the continued expansion of the company's service offering and geographic footprint.” Todd Ofenloch, Managing Director at H.I.G. Capital added, “AVI-SPL is exceptionally well positioned for continued growth, driven by the critical nature of its solutions within increasingly tech-enabled work spaces. We are excited to work with the company to take the business to the next level.”
“We’re proud to partner with H.I.G. Capital, a highly respected firm that is aligned with AVI-SPL’s vision of the future and the strategic plan to get there,” said John Zettel, AVI-SPL’s CEO, “AVI-SPL continues to distinguish itself through the rapidly growing collaboration solutions space. Together with H.I.G. Capital, our potential for accelerated growth to meet the needs of tomorrow’s enterprise clients is limitless.”
AVI-SPL is the market leading AV and VC solutions and services provider in North America. The Company provides customers with design, engineering, procurement, integration and installation of AV and VC systems for corporate office space, control centers, educational facilities, convention centers and a variety of other end markets. Industry-leading services include on-site AV and VC systems support, maintenance support and managed software solutions. Headquartered in Tampa, Florida, the Company has 35 locations worldwide with 29 offices in the US and 6 internationally through Canada, the UK and the United Arab Emirates.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $19 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- Other H.I.G. funds invest in various real assets, including real estate and shipping.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.