Major A/V Acquisition to Combine Diversified and HB Communications
The deal for HB Communications gives Diversified a stronger foothold in the Northeast and access to several high-profile clients.
Dana Barron, CEO of HB Communications, left, and Fred D’Alessandro, founder and CEO of Diversified.
KENILWORTH, N.J. — Diversified, based here, announces the acquisition of HB Communications of North Haven, Conn., in a deal that will merge two major A/V integration firms.
Terms of the transaction were not disclosed.
Although Diversified was founded in New Jersey and has been organically cultivating business in the Northeast for years, the acquisition grows the company’s team in the region to better serve the dynamic needs of its clients, according to the announcement.
“Expanding our footprint in the Northeast is a strategic step in sustaining the necessary growth to deliver the best possible service for our customers,” says Fred D’Alessandro, founder and CEO of Diversified.
HB Communication’s complementary solutions portfolio — including A/V, broadcast, collaboration, creative services, digital signage and managed services — is said to further enhance Diversified’s comprehensive offerings and provide needed support to address a growing and changing marketplace.
The increased workforce presence in the Northeast positions Diversified to provide more organizations with modern digital media, communications as well as fulfill collaboration needs. HB Communication’s existing clientele will have access to additional technology specialties such as security and IT, plus professional resources on a global scale.
“Since we share a common mission centered on connecting people and organizations by empowering communications worldwide, joining Diversified offers a host of exciting new opportunities for our team,” adds Dana Barron, CEO of HB Communications. “Given Diversified’s reputation of engineering excellence, innovation and dedication within the market, I know that we will achieve great things together.”
As the first major acquisition in the A/V industry since the coronavirus pandemic, the move demonstrates Diversified’s continued commitment to growth, the announcement states.
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