Beacon is a security services provider serving global Fortune 500 companies. Services include system design, integration, support, and training. The company has approximately 50 employees and was founded in 1994. Beacon is headquartered south of London in Crowborough, UK (www.beaconsecurity.com).
“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.
Convergint Technologies is a system integrator focused on electronic security, fire and life safety, and building automation. The company was founded in 2001 and has 1100 employees in 26 cities throughout the US and Canada. Convergint is headquartered in the Chicago suburb of Schaumburg, IL (www.convergint.com).
“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.
KRG Capital specializes in acquiring and recapitalizing unique and profitable middle-market companies that have from $10 million to $100 million or more of EBITDA. Founded in 1996, KRG has $4.4 billion of capital under management and is based in Denver (www.krgcapital.com).
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.
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-9-15