Convergint acquires GS Security
SCHAUMBURG, Ill.—Systems integrator Convergint Technologies completed the acquisition of GS Security Services of Tewksbury, Mass., a firm that Convergint has partnered with in the past.
“We have a number of global companies in New England and they have helped us service them,” Dan Moceri, executive chairman of Convergint, told Security Systems News.
Founded in 2007 by Eric Sink, Joe Gillis, and Nick Sink, GS has 27 employees and does business throughout New England. “They have good local customer base and some good national and global customers,” Moceri said. GS’s larger customers will benefit from Convergint’s global footprint, which includes more than 50 offices.
Moceri declined to name terms of the deal, which was announced April 6.
This is Convergint’s second acquisition this year. In January, it acquired Beacon Security and Communications, which is based in Crowborough, England.
Convergint has another office located in Sharon, Mass. “The Sharon office is more on the fire and life safety side and GS is on the security side. It’s a really nice combination that will allow us to do security integration and fire and life safety as well,” Moceri said.
At this point, Convergint plans to keep offices in both locations.
Moceri said Convergint “has more acquisitions in the hopper that we expect to close later in the year.”
Convergint did $411 million in business in 2014. The company “continues to expand and invest. We add one person a day somewhere in the organization,” he said. “We had record bookings in the first quarter that we expect to translate to revenue in the latter part of the year,” Moceri said.