Convergint Technologies partners with KRG Capital Partners
Convergint Technologies, a commercial security and life safety systems integrator, has partnered with private equity firm KRG Capital Partners. With its new partner, Convergint says it expects to increase its organic growth and pursue acquisitions that will bolster its geographic coverage and expand its high level enterprise integration business.
Convergint hired William Blair & Company to search for a capital partner that could assist in aggressively expanding the company’s North American footprint, growing its IT-based offerings and continue moving the company to delivering value-added services.
Convergint Technologies was founded in 2001 and says it has experienced uninterrupted growth for more than 11 years with 21 per cent year over year growth throughout the recession. “We are in the business of solving problems and helping our customers to achieve business excellence” says Dan Moceri, CEO and Co-Founder. “We have transformed the company from a physical-based technology partner to a valued solutions provider.”
“We are very pleased to be associated with a high caliber company like KRG,” says Greg Lernihan, President and Co-Founder. “We have always focused on growth and now have more resources available to us than ever before.”
“KRG is very excited to be part of the Convergint Team. They have a successful track record of growth, an outstanding Fortune 500 customer base and is a market leader in their industry” says Ted Nark, managing director of KRG.