New York – September 2019
– Diversified, a portfolio company of Tailwind Capital, announced its acquisition of Advanced Presentation Products. This transaction represents Diversified’s tenth add-on acquisition since Tailwind acquired the company in December 2015. As a top integrator in Canada for 24 years, Advanced specializes in audio visual communications solutions, service and support for enterprise, government and education clients across the country.
“When we recently partnered with Advanced on a complex next-gen solution for a large Canadian organization, I was instantly impressed,” said Fred D’Alessandro, Diversified founder and CEO. “Their values of Quality, Integrity, Service and Excellence fit perfectly into our culture and I have no doubt that our success together will continue to grow in the future and provide long-term value for our clients.”
David Weatherhead, Advanced president & CEO, noted, “This represents the start of the next great chapter in the 24-year history of Advanced in Canada. I am incredibly proud of all that we have achieved to date and I leave knowing Diversified will take the company to great heights while I focus on building my AV rental business.”
Founded in 1995, Advanced has grown into one of Canada’s most respected AV systems integrator with offices based in the Toronto area. They are Canada’s leader in the design and installation of audio video, digital signage and visual collaboration solutions as well as K-12 education technology including AV, IT, robotics, 3D Printing and other STEAM focused solutions.
“Welcoming the Advanced team into the Diversified family is a natural extension of our existing North American operations,” Kevin Collins, Diversified’s president commented. “The opportunity for Diversified to establish a basecamp in the Canadian market with the established support of such a strong organization as Advanced is very exciting.”
“We are thrilled to join forces with the Diversified team,” said Mark McPherson, EVP at Advanced. “The diverse solution set that this company offers to not just its clients in North America, but across the globe, is truly outstanding and something we are very proud to be a part of.”
Diversified is a leading provider of media technology design, consulting, engineering and managed services to Fortune 500 corporate customers, educational institutions, broadcast facilities and large scale performance venues. The company has capabilities that address the complete spectrum of consulting, design, sourcing, installation and service of highly complex audio, visual, data communications and network systems. Diversified is one of the largest systems integrators in the country. For more information on Diversified, please visit www.diversifiedus.com.
About Tailwind Capital
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services, and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 41 portfolio companies and over 100 add-on acquisitions.