AVI-SPL, a portfolio company of H.I.G. Capital, acquires VIDEOLINK LLC
Article
CLIENT
VideoLink LLC is a provider of 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.
SITUATION
VideoLink’s founders were seeking a solution to recapitalize the business and find the right partner to help the company execute on its clearly defined growth strategy. Management had identified several organic and acquisition growth opportunities, which build upon the company’s current national platform, diversified service offering and solid customer base.
ENGAGEMENT
G2 represented VideoLink as the exclusive sell-side advisor responsible for running a targeted and high-touch sale process. “Throughout this process G2 was a tremendous partner, they quickly understood our business and were able to help us engage with the right group in AVI-SPL,” said Richard Silton, President and CEO of VideoLink.
OUTCOME
The transaction was successfully executed through a sale to AVI-SPL, a portfolio company of H.I.G. Capital. AVI-SPL is the global leader in enterprise grade audio visual systems integration and collaboration solutions. “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,” said AVI-SPL CEO John Zettel. “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,” added Silton.
“We are excited with the successful outcome of the transaction for the entire VideoLink team,” said Jeffrey Unger, Chairman and CEO of G2 Capital Advisors. “We are pleased with the outcome of this transaction and are confident all parties have achieved a truly productive solution.”
About G2 Capital Advisors
G2 Capital Advisors provides investment banking, financing and restructuring advisory services to the middle market. We offer integrated, multi-product and sector-focused services by pairing highly experienced C-level executives with specialist investment bankers. We aspire to be the trusted advisor of choice to our clients including corporations and institutional investors.
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