Convergint Technologies, a portfolio company of KRG Capital Partners, has acquired Dakota Security Systems. KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV.
Dakota is a security integration company based in Sioux Falls, SD that also has offices in Arizona, New Jersey and throughout the upper Midwest (www.dakotasecurity.com).
Convergint Technologies 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).
“The acquisition of Dakota is consistent with Convergint’s strategy to partner with best-in-class security solutions providers that further expand the company’s geographic reach,” said Ted Nark, Managing Director of KRG.
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).
The buy of Dakota Security Systems represents KRG’s 233rd acquisition since inception.
© 2016 PEPD • Private Equity’s Leading News Magazine • 1-6-16
