Convergint Techologies, a portfolio company of KRG Capital Partners, has acquired Miami-based Integrated Security Systems, a provider of security, fire and life safety solutions. No financial terms were disclosed.
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 the acquisition of Integrated Security Systems (“ISS”). Founded in 1962 and with over 100 colleagues across its Miami, FL headquarters and additional offices in Mt. Laurel, NJ and Greenville, SC, ISS provides premium security and fire and life safety solutions by leveraging the latest products and services designed to control access, reduce potential theft, and implement an effective risk management system. The Company brings a very strong service-focused culture and extensive experience in the utilities and financial institutions vertical markets.
“The acquisition of ISS strengthens Convergint’s southeast presence and adds strong leadership and vertical market expertise in utilities and financial institutions. The transaction 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. ISS represents the 15th acquisition for Convergint during its partnership with KRG.
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 $4.4 billion of cumulative capital either deployed or available for future investment, which includes approximately $1.2 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.