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AVI-SPL, an H.I.G. Capital Portfolio Company, Completes Acquisition of Anderson Audio Visual
|By Business Wire
|November 30, 2016 03:00 PM EST
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
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.”
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20161130006236/en/
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