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AVI-SPL, an H.I.G. Capital Portfolio Company, Completes Acquisition of Anderson Audio Visual

H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with more than $20 billion of equity capital under management, is pleased to announce that its portfolio company, AVI-SPL, Inc. (“AVI-SPL”), has acquired Anderson Audio Visual (“Anderson”). AVI-SPL is the global leader in enterprise grade audio visual (“AV”) systems integration and collaboration solutions. Anderson’s market leading regional capabilities will strengthen AVI-SPL’s presence in high growth markets and expand AVI-SPL’s industry leading global support and services platform to current and prospective customers.

Headquartered in San Diego, CA, Anderson has six locations (four in California, one in Texas, and one in North Carolina). Ranked as the industry’s 17th largest revenue generator in 2015, Anderson has earned the trust of some of today’s marquee organizations, including several highly recognized tech companies. Contributing significantly to Anderson’s success is its mission and commitment to customers locally, a philosophy it shares with AVI-SPL. The merger strengthens AVI-SPL’s resources in regions and markets with strong demand for digital workplace transformation and global standardization and positions the combined company to further meet the needs of its customers.

“Combining AVI-SPL’s global capabilities and award-winning managed services with Anderson’s top talent and culture of agility makes this a great day for our teams and our customers,” said John Zettel, CEO of AVI-SPL. “Shane and the Anderson team have built a meaningful fast growth business over the past twenty years. AVI-SPL is thrilled to share this significant next step in our growth plan together with them.”

Shane Parkes, Anderson’s co-founder and CEO commented, “We look forward to the strategic combination of AVI-SPL and Anderson. The combined company will offer an unmatched global scale and services platform for our customers, while continuing to offer high quality local AV solutions.”

Todd Ofenloch, Managing Director at H.I.G. Capital, said, “Anderson represents a natural expansion of AVI-SPL’s capabilities in the United States, continuing our strategy to grow AVI-SPL’s resources and geographic footprin.” Richard Stokes, Managing Director at H.I.G. Capital added, “We have been extremely impressed with the Anderson management team and employees. We are pleased to support this acquisition and are excited about the incremental growth opportunities that this combination provides.”

About AVI-SPL

AVI-SPL designs, builds, integrates, and supports systems and environments that enable communication and collaboration. AVI-SPL has highly trained and certified system engineers in offices throughout the United States, Canada, and EMEA in addition to an international network of solution providers in 30 countries. Visit www.avispl.com for more information.

About Anderson AV

Anderson, based in San Diego California, is a market leading regional AV and VC solutions and services provider in the west coast and Texas. Anderson provides customers with design, engineering, procurement, integration and installation of AV and VC systems for corporate office space, educational facilities, military facilities and a variety of other end markets.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with more than $20 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, Bogotá 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:

1. 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.

2. 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.

3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

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 managed by H.I.G. Capital and affiliates.

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