Convergint Technologies, a portfolio company of KRG Fund IV, acquired video surveillance technology provider Total Recall. Denver-based KRG Capital Partners invested in Convergint, which designs and installs integrated building systems, in 2012.
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 Director of KRG.
KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV. Total Recall represents KRG’s 239th 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 systems. 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 $4.5 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 visitwww.krgcapital.com.