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Ken Lochiatto

Convergint acquires SI Technologies

Company fits culturally and geographically, filling a need in the Northeast
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11/14/2018

SCHAUMBURG, Ill.—Convergint Technologies recently acquired SI Technologies Inc., a full-service provider of integrated security solutions headquartered in Albany, N.Y., with additional locations in Syracuse and Buffalo, N.Y. The company specializes in strategic commercial customers, with a large presence in the government sector.

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 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.

Convergint acquires Operational Security Systems

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Wednesday, May 3, 2017

At ISC West last month it was nice to meet and catch up with Convergint Technologies' executive chairman and founder Dan Moceri, and president and CEO Ken Lochiatto, who were both kind enough to participate in an ssnTVnews video interview on the Security Systems News' trade show floor stage.

The global systems integration company has been very busy recently—and since its inception in 2001—and just completed an acquisition this week of Operational Security Systems Inc. (OSS), an Atlanta, Ga.-based security integrator with an additional location in Orlando, Fla. Founded in 1972, Operational Security Systems is run by president Jim Coleman, who along with more than 50 colleagues from the company will be joining the Convergint team.

Moceri told SSN that he is excited to have Coleman and his entire team joining the Convergint Technologies family, as the company shares many of the same values as Convergint.

“We have a lot of respect for Jim and his company as he has created a strong culture and team that is very focused on the service side of the business, which is how we have grown our organization,” said Moceri. “In addition to being strong from a service perspective, Jim has developed a very strong engineering company and a solutions provider that brings additional capacity and capabilities to our team.”

“Operational Security Systems and Convergint Technologies share two common core values: looking after the needs of our customers and looking after our fellow colleagues,” Jim Coleman said in the announcement. “Joining the Operational Security Systems team with Convergint Technologies brings deeper resources to our clients and new and exciting opportunities for our colleagues. This acquisition will prove beneficial to all involved.”

Convergint Technologies has seen a steady track record of both organic growth and growth through acquisition since its founding in 2001.

“We continue to grow very aggressively organically, but you can only grow so fast organically, so when we have an opportunity like this to bring in good quality people all at one time, we certainly want to take advantage of that,” he said.

Will Convergint continue to stay active on the acquisition front? “Absolutely—stay tuned,” said Moceri. “As always, we’ve got a nice pipeline of acquisitions and we expect another exciting year on that front. We’ve started off very strong in the first quarter along with very strong organic growth over the last year and we continue to supplement that growth with acquisitions.”

In addition to this acquisition, the company just opened an office in Toronto, which is part of the company’s planned expansion in the greater Toronto area. The new office is strategically located in the Bell Trinity Square beside the Eaton Centre on the PATH system, which is mostly an underground walkway that links about 30 km of shopping, services, and entertainment in downtown Toronto, the company noted.

“This exciting new location enables us to be at the doorstep of the downtown Financial District and to support all of our existing and future clients in the area while delivering our Values & Beliefs to be our best customers’ best service provider,” Greg Taylor, vice president, Eastern Canada Operations for Convergint Technologies, said in the announcement.

Security and building automation technicians, as well as locksmith services, will also be added to this location to provide rapid response for clientele, and the new office will also serve as a satellite learning center. “We plan to host Lunch & Learns at the site with our technology partners to provide our clients with information about the latest trends and technologies in electronic security and building automation solutions,” Eric Heagle, business development manager for Convergint Technologies, said in the announcement.

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