Convergint Technologies, a portfolio company of KRG Capital Partners, has acquired Post Browning. KRG acquired Convergint Technologies in August 2012. This acquisition represents Convergint’s first transaction of 2017 and 13th under KRG’s ownership.
Post Browning is a systems integrator providing consultation, installation, and maintenance services to banks and credit unions located in Ohio, Kentucky, Indiana, Michigan, West Virginia, North Carolina, South Carolina, Georgia, Virginia, and Florida. The company was founded in 1978 by Lou Post and Gene Browning and is based in Cincinnati (www.postbrowning.com).
Convergint Technologies designs, installs, and services building systems including electronic security, fire alarm, and life safety systems. The company was founded in 2001 and is headquartered in the Chicago suburb of Schaumburg (www.convergint.com).
“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 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).
© 2017 Private Equity Professional | February 7, 2017
