SecurityWorldMarket

09/02/2018

Convergent partners with private equity firm

Chicago, Il

Convergint Technologies, a worldwide leader in service-based systems integration, has entered into a new financial partnership with a fund managed by the Private Equity Group of Ares Management, L.P.

The Private Equity Group seeks to invest in businesses with leading franchises and attractive growth prospects and is part of Ares Management, a leading global alternative asset manager with approximately $106 billion of assets under management. Via the new partnership, Convergint will continue its growth through strong operational and acquisition programs and expanded professional services.

“This new financial partnership supports our growth plan and deep commitment to providing our customers with outstanding service and technologies that truly support their needs,” said Dan Moceri, Executive Chairman and Co-Founder of Convergint Technologies. “Our entire leadership team appreciates the confidence that Ares has placed in us and its commitment to our vision.”

“Being our customer’s best service provider is a lofty goal, and as such, we are continually looking to enhance our ability to meet our customers’ need,” said Ken Lochiatto, CEO of Convergint Technologies. “The partnership with Ares Management allows us to maintain our growth strategy to further deepen and expand the portfolio of services we offer to customers.”

Convergint Technologies was founded in 2001 and has enjoyed uninterrupted growth over the seventeen years since. In addition to strong organic growth, Convergint has strategically grown its service footprint in the United States, Canada, Asia Pacific, and Europe by acquiring 19 companies in the last five years.


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