26North Partners 9LP (26North) has announced that it has acquired a controlling stake in AVI-SPL from Marlin Equity Partners and other shareholders.
Marlin Equity Partners and select shareholders will retain a minority interest in the company, with financial terms
remaining undisclosed.
Marlin, who had previously bought integrators Whitlock, bought AVI-SPL in 2020 and merged the two companies
together under the AVI-SPL name.
The investment comes at a time of accomplishment for AVI-SPL, as the company
now boasts more than 4,400 employees across more than 70 offices globally and with more than 12,000 projects
under its belt in more than 100 countries.
26North will support AVI-SPL through its Alpha Creation Team (ACT),
to drive “sustainable value” that drives operational success and taps into a network of relationships across industries to
accelerate growth and drive partnerships.
Mark Weinberg, head of private equity, 26North, commented: “AVI-SPL is resilient, essential, and
built for long-term growth. It operates in an expanding market, holds a leadership position, and serves a diversified,
blue-chip customer base.”
The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.