“GS Security Systems represents Convergint’s fifth add-on acquisition since KRG’s partnership with management and is consistent with the company’s strategic plan to expand through the acquisition of best-in-class security solutions providers in strategic geographic regions,” said Ted Nark, Managing Director of KRG.
GS Security Systems was founded in 2007 by Erik Sink, Joe Gillis, and Nick Sink and is headquartered northwest of Boston in Tewksbury, MA (www.gssecuritysystems.com).
Convergint Technologies, acquired by KRG in August 2012, is a provider of electronic security, fire and life safety, and building automation systems. 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 (www.convergint.com).
“We continue to expand our geographic presence to serve our growing customer base. The addition of GS Security Systems allows us to better support customers in the New England market,” 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).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-9-15