Middle market private equity firm Tailwind Capital invested in New Jersey-based Diversified, which offers media technology, engineering, and integration services. In connection with the investment, Diversified acquired Technical Innovation, a provider of presentation technology and broadcast solutions. MSouth Equity Partners, Technical Innovation’s former owner, is a minority investor in the combined company. Financial terms of both transactions were not disclosed.
New York – March 2016 – Tailwind Capital, a leading middle market private equity firm investing in growth-oriented companies in targeted sectors within healthcare, business and industrial services, announced an investment in Diversified. Diversified is a leading provider of media technology, consulting, engineering, and integration services to Fortune 500 corporate customers, educational institutions, broadcast facilities, and large scale performance venues.
In connection with Tailwind’s investment, Diversified completed the transformational acquisition of Technical Innovation. Technical Innovation is a leading provider of presentation technology, critical space, and broadcast solutions. Both companies were ranked by Systems Contractor News as a top five systems integrator in 2015.
Diversified’s acquisition of Technical Innovation creates an industry leader offering a broad spectrum of media solutions backed by one of the largest design and consulting teams in the United States. The new organization will have over 800 employees in 22 offices across the U.S.
“The merging of these two high quality organizations was born of thoughtful and careful planning. We have respected Technical Innovation for many years, and we know that the culture of our organizations complement each other. This acquisition enables Diversified to build and expand our video centric services by leveraging their many years in business focused on command and control, audio-visual, broadcast and unified communication solutions,” said Fred D’Alessandro, Founder and CEO of Diversified.
Tailwind Operating Executive and Diversified Chairman Clay Perfall commented, “Diversified and Technical Innovation are two leaders in their industry, with a commitment to excellent service delivery and an unparalleled reputation among their diverse customer bases. We are tremendously excited at the opportunity to support the combination of the two businesses and partner with them for their next stage of growth.”
Adam Stulberger, Partner at Tailwind, added, “Tailwind’s investment in Diversified is well aligned with our existing business services investments. Under Fred’s leadership, Diversified has demonstrated significant momentum and established itself as a leader within the industry. The company is well positioned to continue its growth trajectory and is an exceptional platform for industry consolidation and continued organic growth.”
MSouth Equity Partners, an Atlanta-based private equity investment firm and a former owner of Technical Innovation, is a minority investor in the combined company.
For more information about Diversified, visit http://diversifiedus.com.
About Tailwind Capital:
Tailwind Capital is a leading private equity firm focused on growth-oriented investments in the lower end of the middle market in targeted sectors within the healthcare, business and industrial services industries in North America. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Since its founding in 2003, Tailwind and its portfolio companies have completed more than 75 acquisitions. The firm currently manages over $2 billion of committed equity capital.