PRESIDIO IN THE NEWS

Presidio Invests $75M to Merge 15 Companies, Creating Bravas, a Nationwide
Designer of Luxury Smart Home Systems
Austin, TX, San Francisco, CA, and Overland Park, KS, August 27th 2019 – Presidio Investors today
announced a $75 million private equity investment that merges 15 independent smart-home designbuild firms across the United States, creating Bravas LLC, www.bravas.com, an integrator of electronic
lifestyle technologies into custom-built “intelligent spaces” where you live, work, and play.
The investment launches a national network of luxury technology integrators, operating as one brand,
working across North America with architects, builders, remodelers, interior designers and successful
owners of one or more properties, using lighting, shading, climate, entertainment, smart home, voice,
wellness, security, surveillance, networking, energy, power, and other technologies, to transform how
custom homes and offices are designed, organized and operated.
Bravas is based in Overland Park, Kansas, with locations in 13 states, annual revenues around $75
million, and a team of more than 285 professionals, including designers, engineers, installers,
technicians and programmers that have earned hundreds of industry awards and certifications. In 2018,
Bravas locations collectively completed more than 3,500 residential and commercial projects.
Bravas will use the funding to expand its network of trade partners, build new software and business
systems, reinvent service and support, invest in talent, and expand the company with targeted
acquisitions throughout the United States and Canada.
“To have an investment platform, operating as one national brand, changes the way business is done in
our industry,” said Ryan Anderson, owner of Elevated Electronics in Kansas City and chief executive
officer of Bravas.

“We are stronger together, sharing local and national resources that shape our ability to accelerate
growth and improve the homeowner experience,” said Anderson. “We will bring the industry’s best
dealers into the Bravas family and continue to focus on the life-long local relationships we build with our
customers.”

With Anderson at the helm, the management team comprises owner/operators and key executive
additions, including: Jay Vandermyde, chief operating officer of Bravas, from J.J. Orion in Minneapolis,
MN.; Doug Klein, chief financial officer; with extensive executive experience in the custom installation
and consumer electronics industry; Sean Weiner, chief technology officer, from Starr Systems in
Baltimore, MD.; Robert Wheeler, director of sales, from J.J. Orion in Austin, TX.; Tracey Westbrook,
director of Human Resources and Administration, from Home Theater Technologies in Dallas and Ft.
Worth, TX.; Marie Devlin, operations manager, from Smart Systems in Dallas and Ft. Worth, TX.; and Esty
Frakes, accounting manager, from Elevated Electronics.

“Where the business of luxury technology integration is fragmented into smaller businesses operating
only in local markets, Presidio is partnering with Bravas management and the initial 15 mergers to
create a clear national leader,” said Karl Schade, managing partner and founder of Presidio. “The
benefits for our customers will come from the resources of a larger organization, shared expertise and
services that create a unique experience for luxury homeowners – and we anticipate growing this
investment with acquisitions across the nation.”

The companies uniting to create Bravas are:

Audio Dimensions in Oklahoma City, OK., and Little Rock, AR.
Audio Intersection in Atlanta, GA.
Audio Video Hi-Fi Sales in Cherry Hill, NJ.
Audio Video Innovations in Dallas, TX.
Digital Interiors in Alpharetta, GA.
Digitech Custom Audio and Video in Indianapolis, IN.
Elevated Electronics in Kansas City, KS.
Home Theater Technologies in Fort Worth, TX.
Imagine Audio Video in Nashville, TN.
J.J. Orion in Minneapolis, MN., and Austin, TX.
SES Design Group in Houston, TX.
SmartSystems in Dallas, TX.
Spectrum Technology Integrators in Deerfield Beach, FL.
Starr Systems Design in Baltimore, MD.
The Homeworks Group in Pleasanton, CA., and San Francisco.

Owners of each business retain a major stake in Bravas. Prior to the merger, they have been working
together as independents — many of them members since 2015 of the BRAVAS Group Cooperative,
founded and directed by industry veterans Paul Starkey and Steve Firszt of VITAL MGMT in St. Louis,
MO. The cooperative is dedicated to mentoring member companies and optimizing the operating
performance, metrics, and business systems of custom integrators. “We look forward to working with Bravas as it continues to evolve from a group of collaborative independents into a major force in the
custom integration luxury market,” said Starkey.

About Presidio Investors

Presidio Investors, www.presidioinvestors.com, a private equity firm based in Austin, TX, and San
Francisco, CA, was founded in 2007 to pursue exceptional lower and middle-market investments. The
firm’s experienced investment professionals specialize in growth-oriented buyouts in the
Media/Technology Services and Financial Services industries. The entire Presidio Investors team also has
substantial operating experience and works side-by-side with management teams to help achieve the
best possible outcome for all stakeholders.