About two months after the $1.3 billion mega-merger between AVI-SPL and Whitlock was first reported, Marlin Equity Partners today announced the completion of its acquisition of AVI-SPL and merger with Whitlock under the AVI-SPL moniker. [related]
H.I.G. Capital has partnered with Marlin, which became a majority stakeholder in Whitlock in October, in the transaction and will hold a minority stake in the combined company.
“The digital workplace services industry has an incredible amount of untapped potential,” said Marlin managing director Alex Beregovsky in the joint announcement.
“The combined company significantly benefits from deeper resources and enhanced local presence that will fuel communication and collaboration, while offering a world-class experience for remote working, distance learning, meeting rooms, and more,” he said.
“We look forward to bringing together two highly synergistic industry leaders to help them fully reach their potential and accelerate the combined company’s growth,” said Beregovsky.
Why AVI-SPL and Whitlock Got Together
The AVI-SPL/Whitlock merger “will expand AVI-SPL’s breadth of solutions for customers around the world,” according to the joint announcement.
Legacy Whitlock customers will now have access to AVI-SPL’s 24/7 Global Services Operation Centers, as well as remote management and monitoring capabilities provided by AVI-SPL Symphony, the company’s proprietary offering.
The combination will also form “the industry’s most certified team of engineers and technicians that are uniquely capable of offering organizations valuable insight and expertise for their vital technology deployments,” the joint announcement says.
“This is an incredibly exciting new chapter for our company, and we are thrilled to be partnering with Marlin as we capitalize on this huge opportunity for, not only our growth and value creation, but our customers’ as well,” said AVI-SPL CEO John Zettel in the joint announcement.
“AVI-SPL and Whitlock have always shared a mutual admiration and respect for one another due to our similar passion for innovation, cultural alignment and commitment to providing world-class customer experiences,” he said.
“Combining these strengths along with Marlin and H.I.G.’s commitment to supporting and empowering growth will ensure we continue to deliver the very best experience for our customers undergoing digital transformations,” said Zettel in the combined announcement.
