|[October 04, 2017]
AVI-SPL, an H.I.G. Capital Portfolio Company, Completes Acquisition of Sharp's AV
H.I.G. Capital ("H.I.G."), a leading global private equity investment
firm with $23 billion of equity capital under management, is pleased to
announce that its portfolio company, AVI-SPL (News - Alert), Inc. ("AVI-SPL"), has
acquired Sharp's Audio Visual ("Sharp's"). AVI-SPL is the global leader
in enterprise grade audio visual ("AV") systems integration and
collaboration solutions. Sharp's (News - Alert) leading position in the Canadian market
will enhance and expand AVI-SPL's ability to design, build, and manage
collaboration technology deployments for organizations throughout the
Headquartered in Calgary, Alberta, Sharp's has eight locations across
six provinces throughout Canada. Founded in 1923, the company is a
trusted technology solutions partner for many of today's most
recognizable organizations - Sharp's 94-year history of success is
linked to its dedication and track-record of innovation and commitment
to its customer's needs. This merger strengthens AVI-SPL's resources in
the Canadian market and positions the company to deliver high quality
solutions to a broadened customer base.
"The combined companies will offer unrivaled responsiveness for our
collective customers, while enhancing AVI-SPL's global delivery to
assure a consistent customer experience worldwide," said John Zettel,
CEO of AVI-SPL. "We're incredibly excited to welcome Sharp's immense
talent, knowledge, and reach to our team."
"We were eager to jump on this exceptional opportunity to enhance our
local offering, and to provide a truly global solution for our
multinational customers based in Canada," said Jeff Faber, president and
CEO of Sharp's. "I am looking forward to the new capabilities and
experiences we will be able to provide for our customers."
Todd Ofenloch, Managing Director at H.I.G. Capital, said, "Sharp's will
expand AVI-SPL's ability to serve its customers in new strategic
eographies, a key pillar of AVI-SPL's growth strategy." Richard Stokes,
Managing Director at H.I.G. Capital added, "We have been extremely
impressed with Sharp's management team and employees. We are pleased to
support this acquisition, which will serve to further AVI-SPL's position
as the leading global provider of audio visual and video conferencing
services and solutions."
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 Sharp's Audio Visual
Based in Calgary, Alberta, Sharp's Audio Visual has been serving the
Canadian audio visual market since 1923 through its offices in
Vancouver, Edmonton, Saskatoon, Toronto, Ottawa, Montreal and Halifax.
Sharp's specializes in the design and integration of audio visual
systems technology for meeting and collaborative spaces, digital signage
solutions, classroom technologies and lecture theaters.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets
investment firm with $23 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, Mexico City 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/20171004005447/en/
[ Back To Conferencing Zone's Homepage ]