|By PR Newswire||
|January 24, 2014 11:00 AM EST||
FALLS CHURCH, Va., Jan. 24, 2014 /PRNewswire/ -- AVX Learning LLC announced the acquisition of Adayana Government Group (AGG), a human capital training and consulting company headquartered in Falls Church, Virginia.
For over 17 years, VERTEX Solutions, doing business as the Adayana Government Group, has provided high-end custom training, serious gaming, simulation, communication and learning consulting services to help Federal agencies solve their most pressing human capital and learning challenges.
AVX Learning LLC is a subsidiary of AVX Holdings, Inc., a portfolio company of West Palm Beach, Fla.-based private lending firm Comvest Capital ("Comvest"), a longtime lender to AGG.
"This acquisition by AVX Learning will allow us to continue investing in innovation, particularly in the areas of simulation and immersive learning to better serve our warfighters and first responders," said Jeff Kidwell, President of Adayana Government Group.
The new ownership will also bring new leadership to Adayana Government Group. Alan Kessman will now serve as Chairman of the Board of AGG. Kessman is an Operating Partner at Comvest and previously was the CEO of Custom Cable Industries, ISOETEC Communications, Inc. Executone Information Systems, Inc., and Vion Pharmaceuticals, Inc.
"Following the acquisition by AVX, we look forward to setting a direction and supporting management in their effort to put into place the programs necessary to enhance the value proposition for our customers," said Kessman. "It is our fervent hope that through AGG's dedicated managers and employees, we can establish the Adayana Government Group as the preeminent leader in learning, gaming, and human capital consulting services in the Federal market."
AVX also acquired the Adayana Industry Group which will operate independently.
About Adayana Government Group
Adayana Government Group (www.adayana.com/government), headquartered in Falls Church, VA, is an industry leader in human capital training solutions and consulting services. Adayana Government Group partners with federal organizations to solve their most pressing training challenges with end-to-end custom solutions, including learning strategy, learning product design and development, and learning technologies.
About Comvest Partners
Comvest Partners, with $1.1 billion of assets under management, provides flexible financing solutions to lower middle-market companies through its equity and debt funds, often meeting time-critical and complex funding requirements. Our firm includes seasoned, senior level operating executives who partner with managers and owners of companies to operationally improve businesses and create long-term value. Since 2000, Comvest has invested more than $1.7 billion of capital in over 115 public and private companies.
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SOURCE Adayana Government Group