KRG Capital invests in Convergint Technologies

SCHAUMBURG, Ill—Convergint Technologies, a systems integrator, on Sept. 17 announced it has a new investor KRG Capital Partners, a private equity investment firm.

With the partnership, Convergint expects to increase its organic growth and pursue acquisitions that expand its geographic coverage. “We are very pleased to be associated with a high caliber company like KRG,” Greg Lernihan, president and co-founder, said in a prepared statement. “We have always focused on growth and now have more resources available to us than ever before.”

Convergint  had 21 percent year-over-year growth throughout the recession, according to the statement.

“KRG is very excited to be part of the Convergint Team,” said Ted Nark, managing director of KRG, in a prepared statement. Nark added that Convergint has an excellent track record of growth, an outstanding Fortune 500 customer base, and are a market leader in their industry.

Last September, Convergint partnered with Securitas, a guard company.

Security Systems News continues to report on this story. Check back tomorrow for interview with Convergint’s Dan Moceri.