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June 19, 2018
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, AVFX LLC ((“AVFX”) by Harbor Beach Capital, LLC.
AVFX, located in Boston, Massachusetts, provides event technology services, including audio, visual and lighting production and staging services for corporate events, trade shows, exhibits and meetings, primarily in North America.
AVFX was founded over 35 years ago by Murray Lapides who, along with AVFX’s management team, successfully grew the company from a predominantly Boston-focused audio-visual staging company into a well-recognized event technology services business supporting corporate and institutional clients throughout North America. Steve Halling, who has served as President of AVFX for the past eight years, will continue to lead AVFX going forward as CEO, and Tom Peckham, who has been with AVFX for 35 years, will continue in his role as General Manager.
“We are thrilled to announce this transaction with Harbor Beach Capital,” said Murray Lapides, former CEO & CTO of AVFX. “Brian Urbanek and his team understand the unique qualities that makes AVFX successful and bring the ability to help us grow AVFX and expand our national presence.”
Harbor Beach Capital is a private equity firm specializing in control investments, in lower middle market companies. They partner and align their interests with talented management teams to help companies reach their full potential and create long-term value. They take an active approach and commit the required resources, to each investment, to help drive growth and operating efficiencies