January 5, 2016
KRG Capital Portfolio Company Convergint Technologies Acquires Dakota Security Systems
DENVER, CO (January 5, 2016) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced its acquisition of Dakota Security Systems, a premier security integration company based in Sioux Falls, SD that also has offices in Arizona, New Jersey and throughout the upper Midwest.
Dakota Security Systems strengthens Convergint’s position in North America with an expanded geographical reach and access to new vertical markets. Together they form one of the most robust physical security and fire solution providers in the industry.
“The acquisition of Dakota Security Systems 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.
“We are very excited to have Eric Yunag and his entire team join the Convergint family,” said Dan Moceri, Executive Chairman of Convergint Technologies. “They have built a strong business and the addition of Dakota Security Systems continues Convergint’s aggressive growth in building out a world-class systems integrator.”
KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV. Dakota Security Systems represents KRG’s 233rd acquisition since inception.
About Convergint Technologies: Convergint Technologies is an industry-leading global organization that designs, installs and services integrated building systems including electronic security, fire alarm and life safety, and building automation solutions. To learn more about Convergint visit www.convergint.com.
About KRG Capital Partners: Founded in 1996, KRG is a Denver based private equity buyout firm with $4.4 billion of cumulative capital either deployed or available for future investment, which includes approximately $1.1 billion deployed since inception by institutional equity co-investors. The Firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. For more information on KRG, please visit www.krgcapital.com.