June 7, 2016
KRG Capital Portfolio Company Convergint Technologies Acquires Corporate Security Services
DENVER, CO (June 7, 2016) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Corporate Security Services. Corporate Security Services provides security solutions to the New York, New Jersey, and Philadelphia areas. This acquisition expands Convergint’s reach in these regions and offers Convergint robust engineering expertise in designing complex integrated systems. The acquisition represents Convergint’s fifth transaction of 2016.
“The acquisition of Corporate Security Services strengthens Convergint’s presence in an important market. It is representative of Convergint’s strategy to partner with regional security integrators with very strong reputations for providing high levels of customer service,” said Ted Nark, Managing Director of KRG.
KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV. Corporate Security Services represents KRG’s 243rd acquisition since inception.
About Convergint Technologies: Convergint Technologies is an industry-leading organization that designs, installs, and services integrated building systems including electronic security, fire alarm, and life safety systems. To learn more about Convergint, visit www.convergint.com.
About KRG Capital Partners: Founded in 1996, KRG is a Denver based private equity buyout firm with $4.5 billion of cumulative capital either deployed or available for future investment, which includes approximately $1.1 billion deployed since inception by institutional equity co-investors. The Firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. For more information on KRG, please visit www.krgcapital.com.