Convergint Technologies

Convergint Technologies operates as a global, service-based systems integrator, focusing on delivering integrated security and technology solutions to a diverse enterprise clientele. The company was founded in January 2001 by Dan Moceri and Greg Lernihan in Schaumburg, Illinois. Their vision was to establish a service-centric company specializing in integrated building systems, a principle that has remained central to the firm's identity and strategy. The founders established a set of ten guiding Values and Beliefs before the company was legally formed, which continue to shape the corporate culture.

The company's business model is centered on the design, installation, and service of complex electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Revenue is generated through these project-based installations and ongoing service and maintenance contracts, which emphasize long-term client relationships and have resulted in a customer retention rate exceeding 95%. Convergint partners with leading technology manufacturers to ensure access to advanced systems, which it then integrates into tailored solutions for its customers. The firm serves various industries, including financial, healthcare, government, education, and transportation.

Convergint has pursued a vigorous growth strategy, marked by consistent organic expansion and a significant number of strategic acquisitions. Since 2014, the company has acquired over 48 firms, which has broadened its geographic footprint across North America, Europe, Asia Pacific, and Latin America, and deepened its expertise in specific vertical markets. This acquisition strategy is a core component of its expansion, allowing it to rapidly enter new markets and enhance service capabilities. The company surpassed $1 billion in revenue in 2018 and has continued to grow, with reported revenues in subsequent years ranging from $2.4 billion to over $3 billion. Initially privately held by its founders, Convergint's ownership structure has evolved to include partnerships with private equity firms, such as KRG Capital Partners in 2012, Ares Management in 2018, and subsequent investments from Leonard Green & Partners and Harvest Partners, to fuel its growth.

Keywords: systems integrator, electronic security, fire and life safety, building automation, audio-visual systems, cybersecurity services, physical security, access control, video surveillance, enterprise customers, security system design, security installation, security maintenance, global security, corporate security solutions, integrated building systems, acquisition strategy, financial services security, healthcare security, government security solutions