Convergint Continues its Canadian Expansion with the Addition of FSC
DENVER, CO (December, 9 2013) – 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 in North America, has announced the addition of Canadian-based Acme Future Security Controls Inc. (“FSC”). Founded in 1982, FSC is a leading provider of physical security systems and services throughout Eastern Canada. Convergint and FSC will integrate the additional locations in Toronto and Ottawa resulting in one of the strongest physical security solution and service providers in Eastern Canada.
“We continue to evolve our capabilities to service customers on a worldwide basis, and the addition of FSC’s thirty-eight colleagues strengthens our position in Eastern Canada,” said Dan Moceri, CEO of Convergint. “FSC and Convergint also share similar company cultures which makes the integration of our two organizations a natural fit” according to Moceri.
“The addition of FSC allows Convergint to expand in the attractive Eastern Canadian market with a strong and proven partner and is consistent with Convergint’s strategic plan developed by the management team and KRG at the time of our initial investment in 2012”, said Ted Nark, Managing Director of KRG.
KRG made an investment in Convergint in August 2012, representing the 12th of 14 platform company investments made to date in KRG Fund IV. FSC represents KRG’s 187th acquisition since inception.
About Convergint Technologies: Convergint Technologies is an industry-leading organization that designs, installs and services integrated building systems including electronic security, fire alarm and life safety, and building automation solutions. To learn more about Convergint visit www.convergint.com.
About KRG Capital Partners: Founded in 1996, KRG is a Denver based private equity buyout firm with $4.4 billion of cumulative capital either deployed or available for future investment, which includes approximately $1.1 billion deployed since inception by institutional equity co-investors. The Firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. For more information on KRG, please visit www.krgcapital.com.
