KRG-backed Convergint buys Beacon

Convergint Technologies, a portfolio company of KRG Capital Partners, has acquired Beacon Security and Communications, a UK-based provider of security solutions. No financial terms were disclosed.

PRESS RELEASE

DENVER–(BUSINESS WIRE)–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 UK-based Beacon Security and Communications LTD (“Beacon”).

Founded in 1994 in Crowborough, England, Beacon is a value-added security solutions provider serving global Fortune 500 companies with world-class security services including system design, integration, support, and training. Beacon possesses over 50 highly skilled colleagues throughout the UK.

“Beacon is an important acquisition for Convergint and is consistent with the Company’s strategic plan to expand through the acquisition of best-in-class security solutions providers and better serve Convergint’s multi-national customers with added geographic capabilities”

Convergint continues its successful track record of rapid growth. “We are servicing more global customers today and continue to build-out our worldwide service capabilities. After expanding into Asia Pacific in 2013, the addition of Beacon now provides Convergint the ability to service global clients in the UK and throughout Europe,” said Dan Moceri, Executive Chairman of Convergint Technologies.

“Beacon is an important acquisition for Convergint and is consistent with the Company’s strategic plan to expand through the acquisition of best-in-class security solutions providers and better serve Convergint’s multi-national customers with added geographic capabilities,” said Ted Nark, Managing Director of KRG.

KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments made to date in KRG Fund IV. Beacon represents KRG’s 211th acquisition since inception.

About Convergint Technologies: Convergint Technologies is an industry-leading global 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.