H.I.G. Capital Announces the Sale of AVI-SPL

MIAMI–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with $37 billion of equity capital under management, is pleased to announce the sale of its portfolio company, AVI-SPL (“AVI” or the “Company”), to Marlin Equity Partners (“Marlin”). In conjunction with the transaction, AVI will be merged with Whitlock, an affiliate of Marlin focused on workplace collaboration solutions, resulting in $1.3 billion of pro forma 2019 revenue. H.I.G. will retain a minority stake in the combined entity.

“This is a very exciting new chapter for our Company and a strong endorsement for AVI-SPL and our highly talented team. We appreciate H.I.G.’s value-added leadership and investment in our organization, which laid the groundwork for the exciting growth opportunities ahead.”

AVI-SPL, based in Tampa, Florida, delivers industry leading collaboration solutions and services, enabling customers to leverage technology to transform the way employees and customers interact. Through its 51 offices and global partnerships, AVI-SPL is chosen by large enterprises and SMEs to design engineer, integrate and support their communication and collaboration environments. […]