Press Releases
Latest Press Release Articles
KRG Completes Sale of Fort Dearborn Company to Advent International
DENVER, CO (October 21, 2016) – KRG Capital Partners (KRG), a Denver-based buyout firm, completed its sale of Fort Dearborn Company (“Fort Dearborn” or the “Company”), a leading North American supplier of high impact prime labels for the consumer goods industry to Advent International (“Advent”) on October 19, 2016.
KRG acquired Fort Dearborn in August 2010. This sale represents the eighth exit in KRG’s $1.96 billion Fund IV. Fort Dearborn also represents the 39th exit over KRG’s 20-year history of consistently applying the “buy-and-build” strategy to achieve growth by expanding the product and service capabilities of its platform companies to meet customer needs. Inception-to-date, KRG portfolio companies have completed a combined 199 add-on acquisitions.
KRG partnered with Fort Dearborn management to execute a strategic plan designed to capitalize on the Company’s core strengths, while expanding into higher-growth and emerging label technologies. During … Read More »
Convergint Technologies Acquires Go Security Solutions
DENVER, CO (October 6, 2016) – Convergint Technologies (“Convergint”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Go Security Solutions. Founded in 2009, Go Security Solutions is a full service systems integrator specializing in electronic access control, video surveillance, alarm systems, and mechanical security solutions. The acquisition represents Convergint’s seventh transaction of 2016.
“The acquisition of Go Security Solutions strengthens Convergint’s presence in the Northeast and illustrates Convergint’s commitment to partnering with best-in-class regional security integrators to help us better serve our customers,” said Ted Nark, Managing Director of KRG.
KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV. Go Security Solutions represents KRG’s 245th acquisition since inception.
About … Read More »
Advent International to acquire majority stake in Fort Dearborn Company
Investment to strengthen Fort Dearborn’s leadership across prime label technologies and accelerate growth in new products and geographies
BOSTON, MA and ELK GROVE, IL, August 11, 2016 – Advent International, one of the largest and most experienced global private equity investors, today announced that it has agreed to acquire a majority ownership interest in Fort Dearborn Company from KRG Capital Partners. Fort Dearborn Company is a leading North American supplier of high-impact, prime labels for the consumer goods industry. Fort Dearborn’s management team will retain a minority stake in the company and continue to lead the business following the completion of the transaction. Financial terms were not disclosed. The acquisition, subject to customary closing conditions, is expected to be completed in the third quarter of 2016.
“We are pleased to welcome Advent as our new investment partner,” said Jeff Brezek, President and … Read More »
KRG Capital mourns the passing of Co-Founder Mark M. King
Mark McCandish King, age 56, passed away suddenly on July 13, 2016 while fishing with his two sons, Michael and Colton, in British Columbia. Mark was a loving and devoted husband, father, brother, son, uncle, nephew and cousin who loved life and lived it to its fullest.
Mark was a co-founder of KRG, and he was a key impetus behind our founding in 1996. Mark had been a successful entrepreneur his entire adult life and was imbued by the confidence that KRG could begin humbly and develop into a highly successful growth oriented private equity firm. Mark had a unique ability to communicate with owners of family owned businesses and to convince them to partner with KRG. Mark also had a special knack for developing creative win-win deal structures and incentive plans that benefited acquired companies and KRG. Mark … Read More »
Convergint Technologies Acquires Corporate Security Services
DENVER, CO (June 7, 2016) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Corporate Security Services. Corporate Security Services provides security solutions to the New York, New Jersey, and Philadelphia areas. This acquisition expands Convergint’s reach in these regions and offers Convergint robust engineering expertise in designing complex integrated systems. The acquisition represents Convergint’s fifth transaction of 2016.
“The acquisition of Corporate Security Services strengthens Convergint’s presence in an important market. It is representative of Convergint’s strategy to partner with regional security integrators with very strong reputations for providing high levels of customer service,” said Ted Nark, Managing Director of KRG.
KRG made an investment in Convergint in August 2012, representing the 12th … Read More »
Fort Dearborn Company Acquires SleeveCo, Inc.
DENVER, CO (June 2, 2016), Fort Dearborn Company, a KRG Fund IV (“KRG”) portfolio company and a leading supplier of cut & stack, pressure sensitive, roll-fed and shrink sleeve labels, has acquired SleeveCo, Inc. (“SleeveCo”), a manufacturer of Shrink Sleeve and Stretch Sleeve labels featuring flexographic and rotogravure press capabilities.
The acquisition of SleeveCo further reinforces Fort Dearborn’s leadership position in the prime label marketplace by strengthening its shrink sleeve offering and expanding its product line to include stretch sleeve capabilities and application equipment. With the addition of SleeveCo, Fort Dearborn will have increased capacity as well as enhanced capabilities to provide its customers more production options and increased flexibility.
Fort Dearborn supplies a complete range of label solutions including cut & stack, pressure sensitive, roll-fed and full body shrink sleeve labels across multiple printing technologies including digital, lithographic, flexographic, and rotogravure. … Read More »
KRG Completes Sale of Healthcare Services Platform Company, ATI Physical Therapy, to Advent International
DENVER, CO (May 11, 2016) – ATI Physical Therapy (“ATI” or the “Company”), a KRG Capital Fund IV, L.P. (“KRG”) portfolio company and a leading provider of comprehensive outpatient rehabilitation services, completed its sale to Advent International (“Advent”) on May 10, 2016.
KRG partnered with ATI management for the second time in December 2012 after previously supporting the Company from late 2005 through 2010. “The ATI and KRG partnership proved once again to be an effective combination” said Steve Neumann, a Partner with KRG Capital. “We are very pleased with our outcome and believe ATI is poised to continue its impressive track record as the industry leader in outpatient rehabilitation.” The sale of ATI represents the sixth exit in KRG’s Fund IV.
Through the KRG investment period, the Company expanded from 200 to 500 clinics, extending the reach of its superior customer … Read More »
Convergint Technologies Acquires Total Recall
DENVER, CO (May 4, 2016) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Total Recall. Total Recall is a video-centric security technology provider specializing in surveillance solutions, including command and control centers, wireless connectivity, and video network design and management.
Founded in 1985, Total Recall has been providing federal and municipal governments, businesses, and organizations with surveillance solutions for over 30 years. Total Recall brings Convergint significant expertise in building sustainable, large-scale systems operating under the harshest urban conditions.
“The acquisition of Total Recall strengthens Convergint’s east coast presence and is representative of Convergint’s strategy to partner with best-in-class regional security integrators to help us better serve our customers,” said Ted Nark, Managing … Read More »
Convergint Technologies Acquires Dakota Security Systems
DENVER, CO (January 5, 2016) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced its acquisition of Dakota Security Systems, a premier security integration company based in Sioux Falls, SD that also has offices in Arizona, New Jersey and throughout the upper Midwest.
Dakota Security Systems strengthens Convergint’s position in North America with an expanded geographical reach and access to new vertical markets. Together they form one of the most robust physical security and fire solution providers in the industry.
“The acquisition of Dakota Security Systems is consistent with Convergint’s strategy to partner with best-in-class security solutions providers that further expand the Company’s geographic reach,” said Ted Nark, Managing Director of KRG.
“We are very excited to have … Read More »
Fort Dearborn Company Acquires Core Label
DENVER, CO (June 24, 2015), Fort Dearborn Company, a leading supplier of cut & stack, pressure sensitive, roll-fed and shrink sleeve labels, has acquired Core Label, LLC, a leading label supplier to the beverage market. Moving forward, Core Label will become Core Label, a Fort Dearborn Company.
“The Core Label acquisition continues Fort Dearborn’s strategy to expand its product and service offerings to meet customers’ desires for a complete and innovative set of label options. We are excited to add the talented Core Label associates to the Fort Dearborn team,” said Chris Lane, Managing Director of KRG.
Fort Dearborn supplies a complete range of label solutions including cut & stack, pressure sensitive, roll-fed and full body shrink sleeve labels across multiple printing technologies including digital, lithographic, flexographic, and rotogravure. The company will now have two additional facilities, Tyrone, PA and Palm City, … Read More »