February 05, 2016
MSouth Completes its Investment in Diversified
Atlanta, GA (February 5, 2016) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment. In partnership with Tailwind Capital, Fred D’Alessandro and management, MSouth has invested in Diversified. Diversified is a leading provider of media technology, consulting, engineering, and integration services to Fortune 500 corporate customers, educational institutions, broadcast facilities, and large scale performance venues
In connection with MSouth’s investment, Diversified completed the transformational acquisition of Technical Innovation. Technical Innovation is a leading provider of presentation technology, critical space, and broadcast solutions. Both companies were ranked by Systems Contractor News as a top five systems integrator in 2015.
Diversified’s acquisition of Technical Innovation creates an industry leader offering a broad spectrum of media solutions backed by one of the largest design and consulting teams in the United States. The new organization will have over 800 employees in 22 offices across the U.S.
Peter Pettit, an MSouth Partner, said, “We are very excited about our investment in Diversifed. The transaction creates the second largest systems integrator in the North American audio visual industry by revenue. The combined company will have a nationwide presence, allowing for more efficient regional sales efforts and cross-selling opportunities. We look forward to partnering with Fred D’Alessandro, the management team and Tailwind 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 between $25 and $150 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of companies in sectors where the firm has significant investment, management and transactional experience. MSouth invests with the objective of increasing operating cash flow through growth initiatives and active ownership. A key element of MSouth's investment strategy is partnering with proven management teams to create value. Founded in 2007, MSouth manages $1.3 billion with three active funds. MSouth is the successor to Cravey, Green & Wahlen, which was formed in 1984.