AVI-SPL Acquired by H.I.G. Capital for Expansion in AV Integration
AVI-SPL, the world's leading commercial AV integrator, has been acquired by private equity firm H.I.G. Capital. The deal, which closed recently, sees the company's CEO, John Zettel, expressing optimism about the partnership.
AVI-SPL, with over 1,500 employees across 35 global locations, has been at the forefront of the AV industry for over a decade. Since 2008, the company has completed over 35,000 AV and video collaboration deployments, cementing its status as the largest player in the market. Previously, Silver Lake Partners held a stake in the company.
H.I.G. Capital, the new owner, plans to back AVI-SPL's expansion. The private equity firm aims to support the company's growth in service offerings and geographic reach. This move aligns with AVI-SPL's continued distinction in the thriving collaboration solutions space. Cristina Alesci, Managing Director at 26North Partners LP, was mentioned in the context of this deal.
H.I.G. Capital's acquisition of AVI-SPL is set to drive the company's growth and expansion. With the support of the private equity firm, AVI-SPL, under the leadership of CEO John Zettel, is poised to continue its dominance in the commercial AV integration industry.
