Convergint Technologies, a worldwide leader in service-based systems integration, today announced its new financial partnership with a fund managed by the Private Equity Group of Ares Management, L.P. (NYSE: ARES).
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.
About Convergint Technologies – Convergint Technologies is an industry-leading organization that designs, installs, and services integrated building systems, including electronic security, fire alarm, and life safety systems. With offices across the globe, Convergint has donated thousands of staff hours to support the communities where colleagues live and work. To learn more about Convergint, visit www.convergint.com.
About Ares Management, L.P. – Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $106 billion of assets under management as of September 30, 2017 and more than 15 offices in the United States, Europe, Asia and Australia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. For more information, visit www.aresmgmt.com.
