New York – May 2019
– Diversified, a portfolio company of Tailwind Capital, announces its acquisition of Rutledge AV. This transaction represents Diversified’s ninth add-on acquisition since Tailwind acquired the company in December 2015. As a top integrator in Australia, Rutledge AV’s robust client-base and track record of exemplary service enables Diversified to provide local support to clients and the confidence to deliver the standards they’re known for in the Americas, EMEA and APAC.
“I’m very excited for this endeavor, expanding our capabilities into the Australian market and being a true global technology partner for our clients,” said Fred D’Alessandro, Diversified founder and CEO. “The Rutledge team and everything they’ve built is a testament to their strengths as an organization and the synergy of our cultures, always a key deciding factor, promises continued growth and opportunity.”
Founded from humble beginnings in 1979 by Michael and Sandy Rutledge, Rutledge AV has grown into one of Australia’s largest AV integration specialist with offices across seven states and territories and over 350 AV professionals. “I’m delighted to have found the perfect home for what has been my life’s work,” said Michael Rutledge. “Sandy and I look forward to seeing the company continue to thrive as part of the Diversified family.”
Kevin Collins, Diversified’s President, commented, “Welcoming Rutledge into the Diversified family is a huge milestone that I am proud to be part of. Much of our strategic international growth has led us to this point, where we now have established entities in almost all continents across the globe. Most importantly, we’ve gotten here through partnering with highly skilled organizations that share our values and passion for next generation technology solutions.”
Andrew Morrice, Rutledge AV’s CEO, adds, “We are very excited to be part of Diversified. The merger was a logical choice with numerous similarities between our businesses and Diversified’s innovative approach to the technology services industry. We can’t wait to start working together as one team.”
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 40 portfolio companies and over 90 add-on acquisitions.