Island Tech Holdco acquired the stock of Island Tech Services ("ITS"). ITS specializes in IT managed services and vehicle upfitting for the first responders market.
AAVIN has closed its next fund and received an SBIC license. The fund closed with $63 million of private capital, taking total AAVIN AUM to $275 million.
Brittany Brown has joined AAVIN as a Senior Associate. Brittany worked previously with the AAVIN team as an Analyst and most recently worked at ISA, a local venture capital firm.
AAVIN Equity Advisors, LLC is a lower middle-market private equity firm focused on founder or family-led buyout and recap transactions. AAVIN’s investment professionals have been investing in the lower middle-market for over 40 years and have invested in over 300 small businesses, defined as $1.5 - 5 million of EBITDA. AAVIN III is the team’s 13th private fund and 8th SBIC license. AAVIN currently manages $275 million of assets and has offices in Cedar Rapids, IA, and Kansas City, MO.