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AVI-SPL, an H.I.G. Capital Portfolio Company, Completes Acquisition of VideoLink
H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with $21 billion of equity capital under management, is pleased to announce that its portfolio company, AVI-SPL, Inc. ("AVI-SPL"), has acquired VideoLink, LLC ("VideoLink"). AVI-SPL is the global leader in enterprise grade audio visual ("AV") systems integration and collaboration solutions. VideoLink's best-in-class broadcasting and production technologies, including its patented ReadyCam® video studio and EnhancedIP® transmission network, will enhance AVI-SPL's leading broadcasting capabilities and bolster its unmatched collection of technology solutions essential to today's organizations.
Headquartered outside Boston, VideoLink has provided broadcast quality production solutions to simplify live, on-air appearances for top cable and network television organizations worldwide since the company was founded nearly 25 years ago by Doug Weisman and Gina Chudnow. Deploying the same high-quality, easy-to-use technology, VideoLink is a trusted partner for Fortune 500 and enterprise companies, as well as institutions seeking a wide variety of video services to achieve their marketing and communications goals. With a rising number of millennial workers triggering digital workplace transformation worldwide, AVI-SPL's one-stop-shop provides top technology solutions to support the vast needs of its customers. The acquisition will expand AVI-SPL's leading enterprise video platforms and continues its enrichment of technology solutions offerings.
"Recognizing the growing demand for video among global enterprise companies and institutions, strengthening our leading broadcast capabilities to further support our customers' workplace transformation needs became a top priority," said AVI-SPL CEO John Zettel. "We are thrilled to combine AVI-SPL's and VideoLink's best-in-class broadcasting technology, and bring high-quality video and production to our customers."
"Combining with AVI-SPL brings tremendous benefits to our customers and our employees, and will rapidly accelerate growth for VideoLink. Our products and services are highly complementary, and we are excited to now have the access to the resources and market presence that AVI-SPL has built," said Richard Silton, President and CEO of VideoLink." Silton has joined AVI-SPL and will continue to lead the VideoLink team.
Doug Weisman, Founder of VideoLink commented, "Gina (Chudnow) and I are excited to see this new partnership grow and further enhance the business. We are so grateful for the dedication and creativity of all VideoLink employees; there is no doubt that combining with AVI-SPL provides tremendous growth potential for all parties involved, including our customers."
Todd Ofenloch, Managing Director at H.I.G. Capital, said, "We look forward to working with the VideoLink team and building upon their work to make AVI-SPL the undisputed leader in the fast-growing video production and broadcast markets." Richard Stokes, Managing Director at H.I.G. Capital added, "We are excited to support the VideoLink transaction and continue AVI-SPL's strategy of creating the leading global service and solutions provider in the Audio Visual and Video Conferencing market."
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.
VideoLink provides clients a full suite of video production services. From video strategy consulting to cost-effective video distribution, they help clients use video strategically to create better outcomes. As a strategic video marketing partner, VideoLink uncovers new ways to use video communication and help produce flawless video projects - from live TV and live video web broadcasts to creative video presentations, satellite media tours, and highly-effective corporate communications.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $21 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 Mexico City, 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 200 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.
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