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Ken Lochiatto

Convergint acquires Life Safety Solutions Integrators

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09/06/2019

SCHAUMBURG, Ill.—Convergint Technologies announced today the acquisition of Virginia-based Life Safety Solutions Integrators (LSSI), an innovative provider of fire alarm, life safety and security solutions, with over four decades of experience in the market.

Convergint expands in Ireland

MTS Security deal brings 95 colleagues and greater capability in Europe
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01/29/2019

SCHAUMBURG, Ill.—Convergint Technologies, a global service-based systems integrator, recently acquired MTS Security, one of the largest independently owned security systems companies in Dublin, Ireland, supplying a single-source solution to clients in the U.K.

Convergint opens Omaha office

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01/09/2019

OMAHA, Neb.—Convergint Technologies, a global systems integrator based in Schaumburg, Ill., expanded its capabilities by opening an office here recently.

Convergint acquires on West coast

Company buys Firstline Security, will eclipse $1 billion mark in 2018
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12/12/2018

SCHAUMBURG, Ill—Convergint Technologies, a global service-based systems integration company, recently acquired Firstline Security Integration (FSI), an Anaheim, Calif.-based integrator founded in 1992.

Convergint acquires SI Technologies

Company fits culturally and geographically, filling a need in the Northeast
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11/14/2018

SCHAUMBURG, Ill.—Convergint Technologies recently acquired SI Technologies Inc., a full-service provider of integrated security solutions headquartered in Albany, N.Y., with additional locations in Syracuse and Buffalo, N.Y. The company specializes in strategic commercial customers, with a large presence in the government sector.

Convergint acquires Integrated Security Solutions

Deal strengthens company’s banking expertise in upper Midwest
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10/03/2018

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integrator based here, announced the acquisition of Integrated Security Solutions, a single-source provider of electronic and physical security solutions based in Cottage Grove, Wis.

Convergint makes fire purchase

Deal expands company’s fire and life safety business in Florida
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09/12/2018

SCHAUMBURG, Ill.—Convergint Technologies, a global service-based systems integration company based here, acquired Commercial Systems Group, an Orlando, Fla.-based integrator with a dedicated focus on fire and life safety.

Year of the acquisition continues

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Wednesday, September 12, 2018

This week Security Systems News reported on the sixth acquisition this year for both Convergint Technologies and ADS Security, two companies that have been very active this year on the M&A front, representing a continuing trend in this “year of the acquisition.”

It turns out that the M&A landscape overall is very strong and will continue to offer opportunities for companies looking to acquire and for companies looking to be acquired, according to Imperial Capital.

During his keynote presentation, Finance and the Future for Cloud and Security, at the Cloud+ conference (more coverage on this to come), Sept. 5-6, 2018, in Delray Beach, Fla., Rick Juarez, managing director, Imperial Capital, provided a rosy M&A picture for the industry today and moving forward.

He noted in his presentation that the security M&A market remains steady across all three major subsectors—physical security, identity solutions and information security—with strong activity seen in 2017 and YTD 2018.

“In terms of the overall health of the M&A market, if you are a young company looking to get acquired, or if you are a more mature company, the good news is that there is still a demand out there,” he explained, pointing to a slide showing 2018 ahead of the past five years in terms of M&A activity. “Going into the second quarter of this year, it is one of the strongest years for M&A, so I think that if you have a good solution, it is a good time to really explore an out, as it is not always going to remain like this.”

As is the case with companies like ADS and Convergint, acquisitions have helped the companies bring on more talent, increase capabilities and expand service capabilities and reach, while helping to grow the overall bottom line.

Convergint, for example, has strategically grown its service footprint across the United States, Canada, Europe and Asia Pacific through strong organic growth and the completion of 20 acquisitions since early 2016.

In terms of overall growth, Convergint's CEO Ken Lochiatto told SSN that Convergint will finish the year with strong organic growth in the mid-teens percentage-wise. “And if you take that along with the acquisition activity, we should be north of a billion dollars by year’s end, which is very exciting when you consider that we finished last year at $840 million.”
 

Convergint acquires Altel in Canada

Deal expands geographic coverage into Quebec, adds offices and talent
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08/29/2018

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integration company based here, this week announced the acquisition of Altel, a commercial integrator with 28 years experience developing electronic security solutions for customers across many vertical markets.

Convergint acquires ACT

Company CEO says deal bolsters presence and expertise in the East
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08/08/2018

SCHAUMBURG, Ill.—Convergint Technologies recently announced the acquisition of New Jersey-based Access Control Technologies (ACT), adding approximately 1,000 customers and bringing greater expertise and depth to the Eastern region of the U.S.

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