Zettel Confirms Strategic Alignment with 26North

AVI-SPL has been acquired by the private equity firm 26North, marking yet another transition under financial sponsorship for the company. The acquisition aims to provide AVI-SPL with the necessary resources to continue its growth trajectory without altering its current operations or strategies. CEO John Zettel emphasizes that while acquisitions often evoke concerns about changes in company structure or strategy, this particular deal is primarily about enhancing growth opportunities rather than consolidating operations. The firm, which boasts 4,400 employees across 70 offices globally, has extensive experience with private equity ownership, having previously worked with three such sponsors. This acquisition is expected to strengthen AVI-SPL's international expansion, particularly leveraging 26North’s industry insights and resources. John Zettel conveys that the acquisition by 26North is an affirmation of the strategic path AVI-SPL has been on, which includes expanding into new markets and maintaining its leadership within the industry. Zettel also reassures employees, partners, and customers that there will be no operational changes, and the firm remains committed to continuing its current strategic initiatives.