AVI-SPL and Whitlock merge to form $1.3bn AV behemoth

AV integrator giant AVI-SPL has merged with fellow US rival Whitlock Group, to create one of the largest audio-visual integrators in the world.

Turnover of the combined entity, which will retain the name AVI-SPL, will be $1.3bn and the company will have a global headcount of more than 3,400.

The Florida-headquartered firm, which formed from the earlier 2008 merger with Audio Visual, logged revenues of $920m in 2019.

Meanwhile, Virginia-based Whitlock had 2019 revenues of $330m, and is owned by PE firm Marlin Equity Partners.

The deal is expected to close in the first quarter of 2020.

Marlin will become the majority shareholder, with PE firm H.I.G. Capital co-investing through a minority equity stake.

AVI-SPL CEO, John Zettel, will remain as CEO of the merged company.

"This is an incredibly exciting new chapter for our company, our employees, and our customers," Zettel said.

"AVI-SPL and Whitlock have always shared a mutual admiration and respect for one another due to our similar passion for innovation and commitment to providing world-class customer experiences.

"Combining these strengths, along with our talented employees, strong global partnerships, and worldwide resources, will ensure we continue to deliver the very best experience for our local and global customers undergoing digital transformations."

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