Convergint Poised for Growth in Partnership With KRG
Convergint Technologies, Schaumburg, Ill., a commercial security and life safety systems integrators that is ranked No. 7 in SDM’s Top Systems Integrators Report, partnered with KRG Capital Partners, Denver. With its new partner, Convergint expects to increase its organic growth and pursue acquisitions that will bolster its geographic coverage and expand its high level enterprise integration business.
Convergint Technologies was founded in 2001 and has enjoyed uninterrupted growth for over 11 years with 21 percent year-over-year growth throughout the recession, the company stated. The company got its start installing cameras, card readers and smoke detectors and evolved to focus on deploying and servicing IP-based devices.
Convergint hired William Blair & Company to search for a capital partner that could assist in aggressively expanding the company’s North American footprint, growing its IT-based offerings and continue moving the company to delivering value-added services. KRG Capital Partners, a private equity firm, specializes in building best-in-class industry leaders through the combination of internal growth and selective strategic add-on acquisitions.