SCHAUMBURG, Ill.—Convergint Technologies today made it five purchases in five months. And, there will be more, according to Dan Moceri, Convergint executive chairman and co-founder.
Convergint's fifth purchase of 2016 is: Corporate Security Services of Edison, N.J.
Moceri told me the deal expands Convergint’s geographic reach in the N.Y., N.J. and Philadelphia region, brings "really nice integration skills, product expertise across product lines we support, ... and a similar focus on the customer on the service side." Corporate Security Services also has a "highly visible customer base with a strength in the financial and hospital verticals," according to a Convergint statement. Here's a story about CSS work at MetLife Stadium.
Bob McCabe, president of Corporate Security Services, and all of his 30 staffers are joining Convergint. “Convergint’s commitment to superior customer service was a driving factor in our decision to join their team," McCabe said in a prepared statement.
When will the acquistiions stop? Not in the foreseeable future, Moceri said.
Moceri expects Convergint's 2016 revenue to be about $600 million. He wants to continue to expand the company organically and through acquisitions, and he has the support of PE partner KRG Capital, which Convergint has been working with since September of 2012.
"We think by 2020 we can be a billion dollar organization," Moceri said.
Convergint purchased Dakota Security in January of this year. In April, Convergint acquired H&E Comfort Controls of Windsor, Ontario. and Enion, an integration firm based in Switzerland. Last month, Convergint bought Total Recall of New York.