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Convergint Technologies

Convergint acquires Integrated Security Solutions

Deal strengthens company’s banking expertise in upper Midwest
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10/03/2018

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 makes fire purchase

Deal expands company’s fire and life safety business in Florida
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09/12/2018

SCHAUMBURG, Ill.—Convergint Technologies, a global service-based systems integration company based here, acquired Commercial Systems Group, an Orlando, Fla.-based integrator with a dedicated focus on fire and life safety.

Year of the acquisition continues

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Wednesday, September 12, 2018

This week Security Systems News reported on the sixth acquisition this year for both Convergint Technologies and ADS Security, two companies that have been very active this year on the M&A front, representing a continuing trend in this “year of the acquisition.”

It turns out that the M&A landscape overall is very strong and will continue to offer opportunities for companies looking to acquire and for companies looking to be acquired, according to Imperial Capital.

During his keynote presentation, Finance and the Future for Cloud and Security, at the Cloud+ conference (more coverage on this to come), Sept. 5-6, 2018, in Delray Beach, Fla., Rick Juarez, managing director, Imperial Capital, provided a rosy M&A picture for the industry today and moving forward.

He noted in his presentation that the security M&A market remains steady across all three major subsectors—physical security, identity solutions and information security—with strong activity seen in 2017 and YTD 2018.

“In terms of the overall health of the M&A market, if you are a young company looking to get acquired, or if you are a more mature company, the good news is that there is still a demand out there,” he explained, pointing to a slide showing 2018 ahead of the past five years in terms of M&A activity. “Going into the second quarter of this year, it is one of the strongest years for M&A, so I think that if you have a good solution, it is a good time to really explore an out, as it is not always going to remain like this.”

As is the case with companies like ADS and Convergint, acquisitions have helped the companies bring on more talent, increase capabilities and expand service capabilities and reach, while helping to grow the overall bottom line.

Convergint, for example, has strategically grown its service footprint across the United States, Canada, Europe and Asia Pacific through strong organic growth and the completion of 20 acquisitions since early 2016.

In terms of overall growth, Convergint's CEO Ken Lochiatto told SSN that Convergint will finish the year with strong organic growth in the mid-teens percentage-wise. “And if you take that along with the acquisition activity, we should be north of a billion dollars by year’s end, which is very exciting when you consider that we finished last year at $840 million.”
 

Convergint acquires Altel in Canada

Deal expands geographic coverage into Quebec, adds offices and talent
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08/29/2018

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integration company based here, this week announced the acquisition of Altel, a commercial integrator with 28 years experience developing electronic security solutions for customers across many vertical markets.

Convergint acquires ACT

Company CEO says deal bolsters presence and expertise in the East
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08/08/2018

SCHAUMBURG, Ill.—Convergint Technologies recently announced the acquisition of New Jersey-based Access Control Technologies (ACT), adding approximately 1,000 customers and bringing greater expertise and depth to the Eastern region of the U.S.

Convergint continues global expansion

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Wednesday, June 6, 2018

Convergint Technologies made its second acquisition outside the U.S. this month, with the acquisition of Integrators Australia, a systems integrator based in Port Melbourne, Victoria, Australia.

One of the world’s largest systems integrators, Convergint continues to grow its global footprint via organic growth and acquisition. Integrators Australia is Convergint’s second international acquisition in 2018, and it provides Convergint with a physical location and a group of experienced colleagues to expand its service in the local market.

“Acquiring Integrators Australia is another major step in building out our global service platform,” Ken Lochiatto, CEO of Convergint, said in the announcement. “The addition of Integrators Australia greatly expands our presence in the Australian market and strengthens our ability to meet the service needs of our global customers in Australia. We welcome Dean Monaghan and his entire team to the Convergint organization.”

Founded in 2005 by Dean Monaghan, Integrators Australia is one of the largest independent integrators in Australia, servicing key clients across both Australia and New Zealand. Convergint chose to join forces with Integrators Australia because of its dedication to excellent customer service, a key component of Convergint’s own culture.

“We are very excited to become a part of Convergint Technologies, in which we have found a like-minded culture of service-first delivery,” Monaghan, managing director of Integrators Australia, said in a prepared statement.  “It has taken 13 years of dedication from our entire group to reach the strong level of capability and expertise that we offer today, and joining Convergint marks the next step in our evolution.”

Dan Moceri, Convergint’s co-founder and CEO told SSN after the acquisition of Paris-based systems integrator Astrec Security in early May that he sees many more opportunities to grow the company’s global presence.
 

Convergint acquires in France

Purchase of systems integrator Astrec Security expands company footprint in Europe
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05/09/2018

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integration company based here, this week announced the acquisition of Paris-based systems integrator Astrec Security.

Convergint acquires Alphacorp

Deal expands company’s geographic coverage in Utah, Idaho and Wyoming
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03/07/2018

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integration company based here, announced the acquisition of Utah-based Alphacorp, a full-service provider of security and fire and life safety systems founded in 1992.

Convergint partners with Ares Management

Dan Moceri talks with SSN about what the financial deal means moving forward
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02/07/2018

SCHAUMBURG, Ill.—Convergint Technologies recently announced its new financial partnership with a fund managed by the Private Equity Group of Ares Management, L.P., a global alternative asset manager with approximately $106 billion of assets under management. Convergint had been with Denver-based firm KRG Capital Partners since 2012, experiencing tremendous growth during that time.

PSIA elects execs from Convergint, JCI

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Wednesday, January 24, 2018

The Physical Security Interoperability Alliance (PSIA) announced it has elected Mike Mathes, EVP of Convergint Technologies, as its chairman, and Jason Ouellette, product general manager-access control for Johnson Controls, as its vice chairman. The PSIA membership develops specifications for enabling standards-based sharing of digital data and intelligence throughout the physical security and enterprise ecosystems.
 
"Mike and Jason bring us strong technology, commercial and industry leadership skills," David Bunzel, executive director, the PSIA, said in the announcement. "They will be powerful evangelists for how standards-based physical security systems can help the industry create new opportunities for systems integration and data sharing while solving cost and complexity challenges." 
       
As PSIA Chairman, Mathes will work closely with the PSIA Board to identify industry needs for new and enhanced PSIA specifications. He will be responsible for growing the organizations membership and helping companies determine migration strategies needed to specify and/or adopt and implement PSIA specifications. "With an expanded membership base, we'll see further adoption of open standards, which will drive down the cost of system integration for the end user," Mathes, said in the announcement. At Convergint, Mathes leads the Advanced Solutions Group.

Ouellette's role as PSIA Vice Chairman will include defining the technical aspects of PLAI necessary to make this an effective commercial standard, including enhancing and promoting a robust set of test tools to assure industry compliance and interoperability for PLAI. Ouellette, who at JCI is responsible for the global access control businesses, specific to program management, product management, and engineering functions, said in a prepared statement, "The PSIA specifications make it easier for integrators to offer high quality solutions with less integration time and lower total cost of ownership."

Peter Boriskin, vice president product management at ASSA ABLOY Americas, will continue as the PSIA's treasurer.

"PSIA open standards can solve real enterprise problems for customers in way that is not possible through standard integrations,” Boriskin said in the announcement. “I am looking forward to working with Mike, David and the rest of board to help the industry understand our use cases and encourage rapid adoption of PSIA specifications, in particular through the development of PLIA adaptors by manufactures."

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