Ares Management to Acquire Convergint Technologies
A fund managed by Ares Management’s private equity group acquired Convergint Technologies, SDM’s 2012 Systems Integrator of the Year, from investment funds affiliated with KRG. Terms of the transaction were not disclosed.
Based in Schaumberg, Ill., Convergint provides comprehensive security integration and fire and life safety services in more than 80 locations across four continents. Since its founding in 2001, Convergint has grown to employ more than 3,400 colleagues as the business continues to expand its security offerings and geographic footprint. Central to this growth is Convergint’s strong corporate culture, which focuses on providing best-in-class service to meet its customers’ unique security needs.
“Convergint is a leader in its industry, with a unique culture and a longstanding track record of fostering the development of its colleagues and delivering outstanding service to its customers,” said Matt Cwiertnia, partner and co-head of North American private equity at Ares Management. “We are excited to partner with the Convergint management team and look forward to supporting the company in its next phase of growth.”