Convergint Technologies buys again

Acquisition of SPC expands company further into banking industry
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Wednesday, November 15, 2017

SCHAUMBURG, Ill.—Convergint Technologies, a worldwide service-based systems integration company based here, recently announced the acquisition of Minnesota-based SPC, a company with a strong presence in the commercial banking vertical market.

Dan Moceri, executive chairman and co-founder of Convergint Technologies, told Security Systems News that he is excited to have the entire SPC team join the Convergint family. SPC president and CEO Dan Chastanet and CFO Marc Weisenburger, as well as all 105 SPC colleagues, are joining Convergint as part of the deal.

“We are very excited about SPC, as we have known them a long time and have worked together over the past few years as well … they have tremendous skills and capabilities on the physical security side of security in the retail side of banking that will help us expand in that area,” Moceri told SSN, noting that the company is also a perfect fit from a cultural perspective. “The leadership at the company is very strong and the company is customer focused, which is very important to us.”

Founded in 1976, SPC is a full-service provider of physical and electronic security systems, construction management services, IT and cybersecurity solutions, and marketing solutions. Headquartered in Blaine, Minn., SPC services customers primarily throughout Minnesota and seven other states in the upper Midwest.

“SPC provides the highest quality of service through the skills of our highly talented and experienced colleagues,” Chastanet said in the announcement. “We are extremely excited about the new opportunities for our colleagues and customers that will come from joining forces with a company that values relationships as much as SPC does. Convergint is a perfect cultural fit.”

This is the 13th company acquired by Convergint in the past two years, and Moceri said he sees the same kind of pace for acquisitions continuing for the foreseeable future. “We maintain a pretty robust pipeline of potential acquisitions,” he said. “And we are looking to expand in Europe and potentially in Asia Pacific as well.”

Convergint Technologies has seen strong and consistent growth, both organically and through acquisitions, since its formation in 2001, he pointed out. “We continue to see double-digit growth organically, but we are also able to add some double-digit growth through acquisitions.”