H.I.G. Capital’s AVI-SPL acquires Sharp’s Audio Visual

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By Ted Liu

AVI-SPL, Inc., a portfolio company of H.I.G. Capital, has acquired Sharp’s Audio Visual. Financial terms were not disclosed.

Tampa, Florida based AVI-SPL is a global leader in enterprise grade audio visual (AV) systems integration and collaboration solutions.

Founded in 1923, Sharp’s specializes in the design and integration of audio visual systems technology for meeting and collaborative spaces, digital signage solutions, classroom technologies and lecture theaters.

Calgary based Sharp’s has eight locations across six provinces through its offices in Vancouver, Edmonton, Saskatoon, Toronto, Ottawa, Montreal and Halifax. With a staff of 150, Sharp’s is the largest and most skilled audio visual integration and services provider in Canada.

Sharp’s has been led by CEO Jeff Faber, former CEO of Apex AVSI, since September 2008 when Apex AVSI merged with Sharp’s.

Sharp’s leading position in the Canadian market will enhance and expand AVI-SPL’s ability to design, build, and manage collaboration technology deployments for organizations throughout the Canadian market. The acquisition strengthens AVI-SPL’s resources in the Canadian market and positions the company to deliver high quality solutions to a broadened customer base.

“The combined companies will offer unrivaled responsiveness for our collective customers, while enhancing AVI-SPL’s global delivery to assure a consistent customer experience worldwide,” said John Zettel, CEO of AVI-SPL. “We’re incredibly excited to welcome Sharp’s immense talent, knowledge, and reach to our team.”

“We were eager to jump on this exceptional opportunity to enhance our local offering, and to provide a truly global solution for our multinational customers based in Canada,” said Jeff Faber, CEO of Sharp’s. “I am looking forward to the new capabilities and experiences we will be able to provide for our customers.”

Todd Ofenloch, Managing Director at H.I.G. Capital, said, “Sharp’s will expand AVI-SPL’s ability to serve its customers in new strategic geographies, a key pillar of AVI-SPL’s growth strategy.” Richard Stokes, Managing Director at H.I.G. Capital added, “We have been extremely impressed with Sharp’s management team and employees. We are pleased to support this acquisition, which will serve to further AVI-SPL’s position as the leading global provider of audio visual and video conferencing services and solutions.”

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