Convergint Technologies LLC, a portfolio company of U.S. private equity firm KRG Capital Partners, has acquired Thermo Automation Canada (TACanada), a producer of systems that integrate heating, cooling, access control, ventilation, security and lighting in buildings. No financial terms were released. Convergint said the acquisition of Mississauga, Ontario-based TACanada strengthens its presence in the region and gives it access to several key vertical markets. The deal follows the company’s buy of Canada’s H&E Comfort Controls Ltd in April.
Convergint Technologies Expands Canadian Presence By Acquiring TACanada
SCHAUMBURG, Ill., July 5, 2016 /PRNewswire/ — Convergint Technologies, a worldwide leader in service-based systems integration, today announced the acquisition of TACanada. TACanada makes intelligent buildings a reality through the use of open systems that integrate seamlessly, including electrical, mechanical, lighting, security, card access, and camera systems.
Founded in 1983, TACanada has been providing organizations in Ontario and across Canada with integrated building solutions for over 33 years. This acquisition strengthens Convergint’s presence in the region with a strategic location in Mississauga, Ontario. The Convergint and TACanada team will be on site at the 68th annual Operations, Maintenance, and Construction Workshop in Niagara Falls, Ontario on July 6 and July 7 of 2016.
“The acquisition of TACanada is key to reinforcing our customer service capabilities for integrated buildings systems in Ontario and across Canada,” said Dan Moceri, executive chairman and co-founder of Convergint Technologies. “The TACanada team brings us a wealth of experience that adds to our existing and rapidly growing resources in Canada. We are excited to have the entire TACanada team join Convergint Nation.”
This acquisition also expands Convergint’s access to several key vertical markets, especially in the education, utility, data center, commercial office, and retail industries. To ensure that customers get the utmost value from their properties, TACanada’s open systems’ use of non-proprietary technology enables complete control of building management while reducing overall cost, supporting Convergint’s mission to be the best service provider for its customers around the world.
“Our team is proud to join forces with Convergint,” said David Dawson, president of TACanada. “With our combined resources, together we will expand our customer support capabilities and our growth in Ontario and across Canada.”
Amplifying the reach and expertise of Convergint, TACanada is the sixth acquisition Convergint has completed thus far in 2016. Convergint continues its global expansion both organically and through acquisitions, five of which have deepened its capabilities in North America, and one that has extended its footprint in Europe.
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.
Photo courtesy of TACanada