Convergint acquires Genesis Security Systems

Deal expands the company’s expertise and service in the utilities industry
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Wednesday, December 20, 2017

SCHAUMBURG, Ill.—Convergint Technologies announced this week the acquisition of Maryland-based Genesis Security Systems, making it 14 acquisitions in 24 months for the global systems integration company based here.

Founded in 2002, Genesis Security Systems employs 75 colleagues at its headquarters in Germantown, Md., and serves a mid-Atlantic base of high-profile clients that includes AstraZeneca, Exelon, FEMA, National Public Radio, the International Monetary Fund, PEPCO, and the World Bank Group.

Dan Moceri, executive chairman and co-founder of Convergint Technologies, said he is very excited to bring a company of this caliber into the Convergint family.

“They have a very talented team, very strong on the service side, which is the No. 1 thing we look for—an organization that has a culture of service,” Moceri told Security Systems News. “They are also very strong on the engineering side … just an all-around outstanding company. We are excited to leverage the expertise of Genesis’ colleagues, including leaders Glen Kruglak, Alan Kruglak, Chris Foster, and Ed Simon.”

Glen Kruglak, president of Genesis Security Systems, said in the announcement, “Genesis was founded fifteen years ago on a dream of providing superior service to our customers and fostering an outstanding work environment for our team members. Today that dream is a reality. Now it is time to expand upon that vision by joining Convergint. We look forward to continuing to provide excellent service to our clients and growth opportunities for our team.”

Moceri is excited about the company’s utility experience, which “really supplements our existing group in that geographical area,” he said. “From a utility perspective, that is one of our strongest, fastest growing verticals, and we deal with a number of these utilities throughout North America. With Genesis on the team, combined with some of the acquisitions that we made in Florida—and with what our existing team is doing—we really now have a very good understanding of what the needs, solutions and service requirements are of the utility industry. So we expect to see that business to grow pretty nicely.”

Over the past few years, Convergint has strategically grown its service footprint in the United States, Canada, and Europe, and Moceri said he expects the same type of growth to continue in 2018.

“We expect to continue this pace on the acquisition front,” he said. “We continue to experience double-digit growth organically and through acquisition, which makes for a pretty nice and balanced way of growing.”