Convergint Technologies, a portfolio company of KRG Capital Partners, has acquired Corporate Security Services (CSS). KRG acquired Convergint Technologies in August 2012 and the buy of CSS is Convergint’s fifth transaction of 2016.
CSS serves customers in the New York, New Jersey, and Philadelphia areas. The company’s security services include equipment maintenance, consulting, and engineering & project management. CSS is headquartered in Edison, NJ (www.css-inc.net).
“The acquisition of CSS strengthens Convergint’s presence in an important market. It is representative of Convergint’s strategy to partner with regional security integrators with very strong reputations for providing high levels of customer service,” said Ted Nark, Managing Director of KRG.
Convergint Technologies is a provider of electronic security, fire and life safety, and building automation systems. The company was founded in 2001 and has 1,100 employees in 26 cities throughout the US and Canada. Convergint is headquartered in the Chicago suburb of Schaumburg (www.convergint.com).
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 $4.5 billion of capital under management and is based in Denver (www.krgcapital.com).
© 2016 Private Equity Professional • 6-8-16
