Convergint Technologies, a portfolio company of KRG, has acquired Post Browning. No financial terms were disclosed. Post Browning is a provider of consultation, installation and maintenance for the retail banking industry.
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 Post Browning. Founded in 1978, Post Browning is a full-service systems integrator providing consultation, installation, and maintenance for the retail banking industry. The acquisition represents Convergint’s first transaction of 2017 and 13th under KRG’s ownership.
“The acquisition of Post Browning expands Convergint’s presence within the physical banking security market and is representative of Convergint’s commitment to partnering 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. Post Browning represents KRG’s 247th 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 $4.4 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.