Convergint acquires Integrated Security Solutions

Deal strengthens company’s banking expertise in upper Midwest
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Wednesday, October 3, 2018

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integrator based here, announced the acquisition of Integrated Security Solutions, a single-source provider of electronic and physical security solutions based in Cottage Grove, Wis.

“Convergint has become a market leader within the financial industry, and Integrated Security Solutions has over 25 years of their own experience in this space,” Ken Lochiatto, CEO of Convergint Technologies, said in the announcement. “This acquisition brings us a team of highly skilled security professionals and expands our geographic coverage into Wisconsin and Michigan.” He added that Integrated Security Solutions shares in Convergint’s cultural focus on service.

Founded in 1993, Integrated Security Solutions services and supports the majority of financial institutions in Wisconsin. The company’s entire 48-person team will join Convergint and continue serving customers in the upper Midwest.

“Integrated Security Solutions has earned the reputation of being the best service provider to our customers,” Joel Anders, CEO of Integrated Security Solutions, said in a prepared statement. “By partnering with Convergint Technologies, we will have more resources to expand on that reputation. In addition to a customer-first philosophy, both of our organizations believe in the value of empowering colleagues. We are excited to experience all the future opportunities this partnership will offer.”

This marks the seventh acquisition for Convergint this year, and Lochiatto told Security Systems News after its last buy that the company is “making up for lost time now” after a somewhat slow—by Convergint’s standards—start to the year. “We are picking up the pace here in the second half of the year, after focusing on the transition from KRG to Ares, so we are making up for lost time now,” he said.

Since its founding in 2001, the company has grown incredibly both organically and through an aggressive acquisition strategy founded on finding companies that match up culturally and strategically with the company’s vision.

Lochiatto said Convergint will continue to be active in the last quarter of the year, noting that the company should be “north of a billion dollars” in revenue by year’s end.