|[November 02, 2018]
AVI-SPL, an H.I.G. Capital Portfolio Company, Completes Acquisition of Interactive Solutions
H.I.G. Capital ("H.I.G."), a leading global private equity investment
firm with $28 billion of equity capital under management, is pleased to
announce that its portfolio company, AVI-SPL (News - Alert), Inc. ("AVI-SPL"), has
acquired Interactive Solutions, Inc. ("ISI"). AVI-SPL is the global
leader in enterprise grade audio visual and videoconferencing ("AV/VC")
systems integration and unified communications ("UC") solutions. ISI's (News - Alert)
leading position in the Southeastern U.S. will enhance and expand
AVI-SPL's ability to service its customers in the fast growing region.
Headquartered in Memphis, Tennessee, ISI provides AV/VC and UC services
through its Memphis and Nashville locations to leading corporate, higher
education, healthcare, and government customers. Founded in 1996, ISI
has exhibited robust growth driven by continuous innovation and a
"customer first" culture. The merger strengthens AVI-SPL's ability to
provide transformative workplace collaboration technologies that create
meaningful experiences for its clients across Tennessee, throughout the
U.S., and around the world.
John Zettel, CEO of AVI-SPL noted: "Together with Interactive Solutions,
we're adding a talented team with a leading presence in the Tennessee
area region, and with a like-minded, customer-centric approach that will
enhance our local presence and ensure that, together, we continue
providing the very best experience for our customers undergoing digital
transformation and global standardization."
Interactive Solutions' founder and CEO Jay Myers, said, "This
transaction was made with the customer in mind. Our customers are as
global as they are local, and we want to be able to address their every
need. That's been our promise since day one, and together with AVI-SPL,
we can continue to honor that commitment."
Since 2008, AVI-SPL's global reach has encompassed over 60 thousand
projects in more than 100 countries worldwide. ISI customers will now
have access to AVI-SPL's unique global capabilities, including 24/7
coverage from four Global Services Operations Centers and remote
monitoring and management capabilitie via Symphony, AVI-SPL's
industry-leading meeting and monitoring platform. The patented Symphony
technology enables AVI-SPL to proactively assess the health and usage of
customer meeting environments and video networks worldwide, ensuring
optimized user experiences, which lead to more efficient business
Todd Ofenloch, Managing Director at H.I.G. Capital, said, "With this
transaction, we are delivering greater resources to ISI's customers that
can now benefit from a single global provider while also providing
existing AVI-SPL customers with improved execution capabilities in
important Tennessee markets." Richard Stokes, Managing Director at
H.I.G. Capital added, "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 Interactive Solutions
Through its offices in Memphis and Nashville, Tennessee, ISI has been
serving the Southeastern audio visual market since 1996. ISI 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 $28 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, Rio de Janeiro and São Paulo, H.I.G.
specializes in providing both debt and equity capital to small and
mid-sized companies, utilizing a flexible and operationally focused/
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
300 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: https://www.businesswire.com/news/home/20181102005332/en/
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