Secondary Buyout • Information Technology

26North Acquires AVI-SPL

On June 25, 2025, private equity firm 26North acquired information technology company AVI-SPL from Marlin Equity Partners

Acquisition Context
  • This is 26North’s 1st transaction in the Information Technology sector.
  • This is 26North’s 2nd transaction in the United States.
  • This is 26North’s 1st transaction in Florida.

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M&A Deal Summary

Date June 25, 2025
Target AVI-SPL
Sector Information Technology
Buyer(s) 26North
Sellers(s) Marlin Equity Partners
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities
William Blair (Financial)
Goodwin Procter (Legal)

Target Company

AVI-SPL

Tampa, Florida, United States
AVI-SPL provides AV and VC solutions and services, including design, engineering, procurement, integration, and installation of AV and VC systems for corporate office space, control centers, educational facilities, convention centers, and a variety of other end markets. AVI-SPL was founded in 1979 and is based in Tampa, Florida.
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Buyer Overview 1

Buyer

26North

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2022
PE ASSETS 30.0B USD
Size Small
Type Sector Agnostic
DESCRIPTION

26North is an alternative investment platform that partners with institutional, private, and family office clients to deliver private equity, private credit, and structured investment solutions. The Firm looks to partner with target companies, investing flexibly across the industrials, business services, tech, media, financial services, and insurance sectors. 26North was founded in 2022 and is headquartered in New?York, New?York.


Deal Context for Buyer #
Overall 2 of 4
Sector: Information Technology 1 of 1
Type: Secondary Buyout 2 of 2
State: Florida 1 of 1
Country: United States 2 of 4
Year: 2025 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 ArchKey Solutions

St. Louis, Missouri, United States

ArchKey Solutions is an electrical and technologies contracting and services provider. As a platform for growth and the parent company for Sachs Electric, Parsons Electric, Sprig Electric and Mona Electric, ArchKey Solutions’ diversified offering provides scalability that is unmatched in the industry. ArchKey Solutions was founded in 1925 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-17 NEP Group

Pittsburgh, Pennsylvania, United States

NEP is a media services partner for live sports and entertainment that offers a network of experts, cutting-edge technology, and an expansive portfolio of customer-driven, innovative solutions. Through operations in 25 countries, its teams have supported thousands of major productions and events on every continent with excellence and reliability. NEP was formed in 1986 and is based in Pittsburgh, Pennsylvania.

Buy -

Seller Profile 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


Deal Context for Seller #
Overall 65 of 65
Sector: Information Technology 10 of 10
Type: Secondary Buyout 12 of 12
State: Florida 2 of 2
Country: United States 48 of 48
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 Burroughs

Farmington Hills, Michigan, United States

Burroughs is a provider of cash automation and payment solutions, offering services such as maintenance, remote monitoring, and managed services for ATMs, teller cash recyclers, kiosks, and other self-service financial equipment. Burroughs was formed in 2010 and is based in Farmington Hills, Michigan.

Sell $72M