Private equity firm completes acquisition of AVI-SPL
H.I.G. Capital, a global private equity investment firm has announced that it has acquired systems integrator AVI-SPL.
In a statement released to the press, H.I.G. said the deal better positions AVI-SPL for opportunities in the growing collaboration systems markets and to meet the demands of enterprise clients seeking global standards and delivery platforms.
Headquartered in Tampa, Florida, AVI-SPL 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.
Richard Stokes, MD 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, MD 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,” said John Zettel, AVI-SPL’s CEO, “Together with H.I.G. Capital, our potential for accelerated growth to meet the needs of tomorrow’s enterprise clients is limitless.”