Harbor Beach Capital Partners with AVFX | Financial Buzz

Harbor Beach Capital Partners with AVFX

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180625005123/en/