Triton, an investment firm based in Europe, has acquired ACRE, an end-to-end security solutions provider based in Dallas and Dublin, Ireland.
Triton will invest alongside the current management team of ACRE. ACRE’s previous majority investor, LLR Partners, who has partnered with the company since 2013, will exit the business.
“We look forward to actively supporting the management and employees of ACRE as a stable owner by investing in the growth and development of the company,” said Peder Prahl, director of the general partner for Triton. “Our industry expertise and international network will further strengthen ACRE’s position as a leading global provider of intelligent electronic security solutions.”
The financial terms of the transaction were not disclosed.
ACRE delivers security systems for access control and intrusion detection, as well as video solutions with a communication networking and intelligent appliance portfolio. ACRE’s family of companies includes Vanderbilt, Open Options, RS2 Technologies, ComNet and Razberi.
“As we reach our next stage of growth and strive to hit new milestones, we are pleased to welcome Triton as the partner to help us expand our presence and capabilities organically and via new acquisitions,” said Joseph Grillo, ACRE CEO. “This partnership will allow us to continue to invest in innovation and bring our market-leading solutions to customers.”
Triton will bring industry expertise and additional capital to support ACRE’s continued innovation and proven buy and build strategy.
“ACRE operates in the structurally growing, fragmented and resilient electronic security market, with an attractive product portfolio and strong market position in the geographies it operates in,” said Sachin Jivanji, investment advisory professional and advisor to Triton. “We look forward to partnering with Joe and the team as ACRE embarks on the next phase of its journey.”