Convergint acquires 16th firm in five years
Convergint Technologies, a KRG Fund IV portfolio company, announced the acquisition of SigNet Technologies.
Headquartered in Beltsville, Md., and with an additional office in Cary, N.C., SigNet Technologies is a full-service security systems integrator focused on enterprise physical security, employing more than 90 people.
“The acquisition of SigNet adds additional scale and leadership to our fast-growing government practice and continues Convergint’s track record of partnering with best in class integrators in their respective end markets and geographies,” said Ted Nark, Managing Director of KRG, in a statement.
KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV. SigNet Technologies represents the 16th acquisition for Convergint during its partnership with KRG.
February 27-28, 2018