M&A Deal Summary

AVI-SPL Acquires Whitlock

On April 7, 2020, AVI-SPL acquired information technology company Whitlock from Marlin Equity Partners

Acquisition Highlights
  • This is AVI-SPL’s 3rd transaction in the Information Technology sector.
  • This is AVI-SPL’s 7th transaction in the United States.
  • This is AVI-SPL’s 1st transaction in Virginia.

M&A Deal Summary

Date 2020-04-07
Target Whitlock
Sector Information Technology
Buyer(s) AVI-SPL
Sellers(s) Marlin Equity Partners
Deal Type Merger

Target

Whitlock

Richmond, Virginia, United States
Whitlock is a provider of audiovisual (AV) and video collaboration (VC) solutions. Whitlock's primary services include strategic planning, roadmap consulting, enterprise management, workplace integration and managed support. Additional expertise includes “as a service” (aaS) opportunities as well as integrated design and deployment of furniture, surroundings, technologies, and tools through their partnership with Herman Miller. Whitlock was founded in 1956 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

AVI-SPL

Tampa, Florida, United States

Category Company
Founded 1979
Sector Information Technology
DESCRIPTION

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.


DEAL STATS #
Overall 8 of 9
Sector: Information Technology M&A 3 of 3
Type: Merger M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 7 of 8
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Digital Video Networks

Scottsdale, Arizona, United States

Digital Video Networks LLC is an audiovisual (AV) and unified communications (UC) provider. Digital Video Networks LLC was founded in 2008 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 SKC Communication

Shawnee Mission, Kansas, United States

SKC Communications designs, builds, and manages technology for unified collaboration using A/V, UC, cloud voice, and headsets to seamlessly collaborate, communicate, and connect. SKC develops long-standing business relationships by exceeding customer expectations and providing unparalleled service and support. SKC Communication was formed in 1986 and is based in Shawnee Mission, Kansas.

Buy -

Seller(S) 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 STATS #
Overall 42 of 65
Sector: Information Technology M&A 6 of 10
Type: Merger M&A Deals 7 of 10
State: Virginia M&A 1 of 4
Country: United States M&A 34 of 48
Year: 2020 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Pentalog

Paris, France

Pentalog is a global provider of software development and digital services, with a focus on customer-facing, business-critical applications. Pentalog’s offering spans the full product lifecycle, including product strategy, UX/UI design, engineering, and ongoing support and maintenance. Pentalog was founded in 1993 and is based in Paris, France.

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