M&A Deal Summary

Marlin Equity Partners Acquires AVI-SPL

On April 7, 2020, private equity firm Marlin Equity Partners acquired information technology company AVI-SPL from H.I.G. Private Equity

Acquisition Highlights
  • This is Marlin Equity Partners’ 16th transaction in the Information Technology sector.
  • This is Marlin Equity Partners’ 69th transaction in the United States.
  • This is Marlin Equity Partners’ 2nd transaction in Florida.

M&A Deal Summary
Date 2020-04-07
Target AVI-SPL
Sector Information Technology
Buyer(s) Marlin Equity Partners
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout

Target

AVI-SPL

Tampa, Florida, United States
AVI-SPL is an AV and VC solutions and services provider. The Company provides customers with 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. Industry-leading services include on-site AV and VC systems support, maintenance support and managed software solutions. AVI-SPL was founded in 1979 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B 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 86 of 116
Sector (Information Technology) 16 of 23
Type (Secondary Buyout) 13 of 22
State (Florida) 2 of 3
Country (United States) 69 of 83
Year (2020) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 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.

Sell -
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.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 119 of 175
Sector (Information Technology) 6 of 14
Type (Secondary Buyout) 46 of 71
State (Florida) 14 of 19
Country (United States) 90 of 120
Year (2020) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 3Pillar Global

Fairfax, Virginia, United States

3Pillar Global is an outsourced provider of software product development and design services for customer-facing, revenue-generating applications. The Company provides “Product Development as a Service” to industry-leading enterprise logos including Carfax, Fortune, and PBS. 3Pillar Global was founded in 2006 and is based in Fairfax, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Usalco

Baltimore, Maryland, United States

Usalco is a provider of high-quality aluminum chemicals used in water and wastewater treatment, refinery catalysts, and other industrial end-market applications. Usalco was founded in 1980 and is based in Baltimore, Maryland.

Buy -
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