Denver, Colorado-based buyout house KRG Capital Partners has announced an investment in Convergint Technologies, a commercial security and life safety systems integrator.
With its new partner, Convergint said it expects to increase its organic growth and pursue acquisitions that will bolster its geographic coverage and expand its enterprise integration business.
Convergint Technologies was founded in 2001 and has enjoyed 21 per cent year over year growth through the recession.
The company, which began installing cameras, card readers and smoke detectors, today operates as an integrator in deploying and servicing IP based devices.
These systems and application software are integrated into client’s enterprise systems to create business efficiencies, meet regulatory requirements, and provide safe working environments.
“KRG is very excited to be part of the Convergint Team,” said KRG managing director Ted Nark. “They have a successful track record of growth, an outstanding Fortune 500 customer base and is a market leader in their industry.”
William Blair & Co advised Convergint.
Financial terms of the deal were not disclosed.
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