H.I.G. Capital News
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AVI-SPL, an H.I.G. Capital Portfolio Company, Completes Acquisition of Digital Video Networks
MIAMI – July 23, 2019 – H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over $31 billion of equity capital under management, is pleased to announce that its portfolio company, AVI-SPL, Inc. (“AVI-SPL”), has acquired Digital Video Networks (“DVN”). AVI-SPL is the leading provider of digital workplace collaboration solutions, allowing enterprises to leverage technology to transform the way employees and customers interact. DVN’s presence in the Southwestern U.S. will enhance and expand AVI-SPL’s ability to service its customers in the fast growing region.
Headquartered in Phoenix, AZ, DVN has four locations throughout Arizona, New Mexico and Utah. Through its leading Southwestern footprint and track-record of innovation, DVN has established itself as a trusted partner for the region’s leading organizations. The merger strengthens AVI-SPL’s service footprint and provides substantial opportunities to offer additional services and global delivery to DVN’s highly attractive customer base.
John Zettel, CEO of AVI-SPL noted: “Our goal is to be wherever our customers need us and whenever they need us to address their global needs at a local level. With DVN joining AVI-SPL, we’re adding a tremendously talented team of professionals who share our customer-centric approach. We look forward to strengthening our presence in the Southwest and delivering end-to-end collaboration services to DVN’s customers.”
Digital Video Networks co-founder Bill Blair added, “The decision to join AVI-SPL made perfect sense for our customers and employees. With the incredible growth we’re seeing in the Southwestern U.S., joining AVI-SPL will provide global resources and significant collaboration service capabilities, ensuring we remain the regions most trusted and capable technology provider. It’s a perfect match at the ideal time.”
AVI-SPL’s global reach encompasses over 70 thousand projects in more than 80 countries worldwide. With the acquisition finalized, DVN customers will immediately have access to AVI-SPL’s global service network, including 24/7 coverage from four Global Services Operations Centers and proactive monitoring and management capabilities via Symphony, AVI-SPL’s industry-leading meeting and user experience management platform. The patented Symphony technology enables AVI-SPL to proactively assess the health and usage of customer meeting environments and video networks worldwide, ensuring an optimal user experience which leads to better business outcomes and maximum value creation.
Todd Ofenloch, Managing Director at H.I.G. Capital, said, “With this transaction, we are delivering greater resources to DVN’s customers who can now benefit from a global partner while also providing existing AVI-SPL customers with improved execution capabilities in the growing Southwestern 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 collaboration services and solutions.”
AVI-SPL is the leading digital workplace collaboration solutions provider, allowing enterprises to leverage technology to transform the way global employees and customers interact to drive increased workplace efficiency and improved business outcomes. 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 Digital Video Networks
Through its offices in Phoenix, Salt Lake, Tucson and Albuquerque, DVN has established itself as the regional leader in workplace collaboration solutions. DVN specializes in the design, engineering, integration and servicing of workplace collaboration technology for meeting and collaborative spaces, digital signage solutions and classroom technologies.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $31 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, 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:
- 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.
- 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.
- 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.