BOSTON, MA, Leading event technology services business received an investment.
Harbor Beach Capital, LLC (Harbor Beach), a private equity firm focused on investing in lower middle market companies, announced today that its affiliate has made an investment in AVFX, LLC ("AVFX"), a leading event technology services business.
Headquartered in Boston, Massachusetts, AVFX 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.
Steve Halling, CEO of AVFX noted: "We chose to partner with Harbor Beach because they share our vision for growing AVFX and can provide us with the resources and capital to support both our existing and new customers."
"AVFX is a great company with strong market positioning," stated Brian Urbanek, Managing Partner of Harbor Beach Capital. "We are excited to partner with Steve and Tom, along with the rest of their talented team, and we look forward to helping them achieve their strategic initiatives over the next several years."
About Harbor Beach Capital
Harbor Beach Capital is a private equity firm specializing in control investments, in lower middle market companies. We partner and align our interests with talented management teams to help companies reach their full potential and create long-term value. We take an active approach and commit the required resources, to each investment, to help drive growth and operating efficiencies. For more information, please visit our website at www.harborbeachcapital.com.
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