Daily News: December 4, 2018

MidCap Financial Supports AVAD Acquisition of Wave Electronics


MidCap Financial provided acquisition financing to AVAD, a value-added distributor of A/V, residential security and home automation products.

The MidCap credit facility financed the company’s acquisition of a competing distributor Wave Electronics and provided it with flexibility to facilitate growth.

The acquisition of Wave Electronics makes AVAD the largest distributor in the consumer electronics industry, serving residential and commercial custom installation markets across North America.