December 31, 2012
MSouth Closes the Acquisition of Technical Innovation, LLC
Atlanta, GA (December 31, 2012) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment. In partnership with management, MSouth completed the acquisition of Technical Innovation.
Technical Innovation, based in Norcross, GA, is a leading provider of custom design-build audio visual integration services and digital multimedia technology. The Company focuses on providing video-centric communication solutions to corporations, state and federal government agencies, universities, professional organizations and faith-based markets. Due to the Company's experience as an audio visual systems designer as well as its proprietary design-build integration process, Technical Innovation is uniquely positioned to provide its customers with comprehensive, customized services including turnkey design-build projects, custom software development and integration, full project management and ongoing customer support.
Peter Pettit, an MSouth Partner, said, "We are very enthusiastic about our investment in Technical Innovation. The Company has an attractive position within the audio visual services industry and management has done an impressive job in expanding Technical Innovation's scope and geographic footprint. We look forward to partnering with this management team and continuing to grow the business."
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued $25 – $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. With more than $700 million under management in two active funds, MSouth is a successor to Cravey, Green & Wahlen, Inc. which was founded in 1984.