Verrex, a Mountainside, New Jersey-based global certified Audiovisual Provider of Excellence (APEx) of collaboration, conferencing, and presentation technology solutions, has been acquired by an institutional investment group led by Five Crowns Capital.
The amount of the deal was not disclosed.
Debt and equity investors include Diamond State Ventures, Aavin Private Equity, MidStates Capital, and Enterprise Bank. The transaction will provide additional working capital and growth expertise for the expansion of Verrex’s global presence, AV system integration and managed services capabilities, and suite of collaboration products.
Founded in 1947, Verrex is a global leader in AV systems integration, support, and solutions.
Following the deal, Thomas Berry will remain a major shareholder and CEO of the company.