Security Business

APR 2019

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50 Security Business / / April 2019 No. 3 Convergint Isn't Slowing Down A record 2018 saw the company acquire nine integration firms, hire its 4,000th colleague and top the billion-dollar mark By Paul Rothman Photo:Convergint Last year, Convergint Technologies powered into to the top five of the Fast50 thanks to organic growth coupled with seven different 2017 acquisitions that spanned from Miami to Minnesota. The company added around 1,000 new employees – or colleagues, as Convergint executives prefer to say. Then, in February 2018, Ares Management took over for KRG Capital as Convergint’s financial/equity partner – pouring the proverbial gas on the already strong blaze of the company’s M&A activity. After the Ares changeover, Dan Moceri, the company’s Executive Chairman and Co-Founder, told Security Business that “as we go forward, we will continue to hire one or two colleagues every day somewhere in the world, and the pace of growth will continue for many years into the future. We will also continue our successful acquisition strategy and you will see more announcements in the months to come.” Indeed we did. The year 2018 saw a few significant milestones: Convergint added its 4,000th colleague and topped the $1 billion mark in gross revenue. In addition to U.S.-based acquisitions, the company expanded its international focus, acquiring Altel of Canada, Astec Security of France and Integrators Australia.

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