AVI-SPL, a portfolio company of H.I.G. Capital, has acquired San Diego-based Anderson Audio Visual, an AV services provider in California, Texas and North Carolina. No financial terms were disclosed. Henberger advised Anderson on the deal.
SAN DIEGO, Dec. 6, 2016 /PRNewswire/ — Henberger, a boutique M&A advisory firm based in San Diego, is pleased to announce that it has sold its client Anderson Audio Visual (“Anderson”) to AVI-SPL, a portfolio company H.I.G Capital acquired in April 2016. AVI-SPL is the global leader in enterprise grade audio visual (“AV”) systems integration and collaboration solutions.
Anderson is a fast growing, regional market leader in the AV industry. Headquartered in San Diego it has six locations (four in California, one in Texas, and one in North Carolina). With $65 million in revenues it is ranked as the industry’s 17th largest revenue generator in 2016. Anderson has earned the trust of some of today’s marquee organizations, including several well-known tech companies.
“Combining AVI-SPL’s global capabilities and award-winning managed services with Anderson’s top talent and culture of agility makes this a great day for our teams and our customers,” said John Zettel, CEO of AVI-SPL. “Shane and the Anderson team have built a meaningful fast growth business over the past twenty years. AVI-SPL is thrilled to share this significant next step in our growth plan together with them.”
Shane Parkes, Anderson’s co-founder and CEO commented, “We look forward to the strategic combination of AVI-SPL and Anderson. The combined company will offer an unmatched global scale and services platform for our customers, while continuing to offer high quality local AV solutions.”
“The Henberger team played a critical role in making this all come together,” continued Shane Parkes. “We felt that the Henberger team was an unbiased advocate that was always on our side. We are very pleased with the outcome,” added Craig Parkes, Anderson’s founder.
Henberger is a boutique mergers and acquisitions advisory firm providing transition-to-transaction services to businesses with revenues between $10 and $150 million. The firm’s partners John Henberger, Leo Klijn, Russ Packer and Richard Haskel have extensive experience in helping business owners discover, enhance and realize the value of their business. They have developed a proprietary methodology (IntelligentExit ®) to help business owners with the development and implementation of their exit strategy. They have honed their skills in strategic advisory, valuation and structuring complex deals in numerous transactions both in the AV industry and beyond (www.henberger.com).
About Anderson AV
Anderson, based in San Diego California, is a market leading regional AV and VC solutions and services provider in California, Texas and North Carolina. Anderson provides its customers with design, engineering, procurement, integration and installation of AV and VC systems for corporate office space, educational facilities, military facilities and a variety of other end markets (www.andersonav.com).
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 (www.avispl.com).
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with more than $20 billion of equity capital under management. Based in Miami, 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. 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 (www.higcapital.com).