AVI-SPL Inc, a portfolio company of H.I.G. Capital, has acquired Memphis-based Interactive Solutions Inc, a provider of audio visual and videoconferencing systems integration and unified communications solutions. No financial terms were disclosed.
MIAMI–(BUSINESS WIRE)–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, 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 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 capabilities 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 collaboration.
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/ 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 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 affiliates.