Cherry Tree Advises CIM Audio Visual / CCS Presentation Systems on its Sale to AVI Systems
AVI expands its ability to serve the U.S. education market with proven interactive technology, cloud-based conferencing, and audiovisual systems
MINNEAPOLIS / COLUMBUS, IND. – May 2, 2022 – AVI Systems, the largest global audiovisual service provider, today announced it will acquire CIM Audio Visual / CCS Presentation Systems – Indiana, a full-service audiovisual systems provider serving the education and corporate markets. With approximately 35 employees, CCS operates from its headquarters in Columbus, Ind.
“This acquisition immediately expands AVI’s capabilities in the education marketplace,” said Jeff Stoebner, CEO of AVI Systems. “CIM was part of CCS Presentation Systems, the sixth-largest AV systems integrator in the U.S., and has served the K-12 and higher ed markets for decades creating a solid footing on the growing technology needs of educators. When combined, AVI’s global reach and strength in service, coupled with the expertise CIM has developed, will be a winning combination.”
CIM Audio Visual was created by John and Sue Gayman in 1983 with a focus on providing school libraries and media centers with new technologies. As the business grew, CIM became part of CCS Presentation Systems and began to serve corporate industries and emerging markets, including digital curriculum software, one-to-one programs, mobile video conferencing, and Intranets.
“Joining AVI Systems presents many opportunities for both companies,” said Dale Gayman, CEO at CIM. “The AV industry is rapidly changing how educators reach students and we have a solid foundation in this space. Meanwhile, AVI has the infrastructure and ability to serve organizations throughout the United States. As a single entity, we’ll help make AVI a powerhouse in the education market.”
All CIM employees will be invited to transition to AVI, joining the company and its 750-plus employee-owners. CIM’s Gayman and CFO David Theile will continue in leadership roles once the transaction is completed.
With this acquisition, AVI will have nearly 800 employees working from locations in 25 cities in the United States. The company is also the major shareholder in GPA – which enables AVI to serve large, multi-national organizations that have operations around the world.
About CIM / CCS Presentation Systems
CIM Audio Visual / CCS designs custom AV solutions to meet the needs of companies, school districts, and classrooms. Since 1983, the company has grown to specialize in interactive technology, cloud-based conferencing, and high-quality audio-visual products to improve efficiency, increase collaboration, and enhance presentations. For more information, visit www.ccsavpro.com.
About AVI Systems
Organizations that value the power of visual communications trust AVI Systems to enable people and teams to communicate their critical ideas. As the largest global audio-visual service provider, AVI solutions are used to accelerate decision making, improve human interactions and create immersive digital experiences. For more information about AVI Systems, visit www.avisystems.com.
Minneapolis based Cherry Tree & Associates served as the investment banking advisor to CIM Technology Solutions.
Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.