Systems integrator Convergint Technologies announced this week that has entered into a partnership with private equity firm KRG Capital Partners.
According to a statement, the partnership will enable Convergint to increase its organic growth and also pursue acquisitions that will help expand the company’s geographic footprint.
"We are in the business of solving problems and helping our customers to achieve business excellence," Dan Moceri, Convergint Technologies CEO and co-founder said in a statement. "We have transformed the company from a physical-based technology partner to a valued solutions provider."
Despite the struggles faced by many companies during the recession, Convergint, which was founded in 2001, has seen 21 percent year-over-year growth even during these lean economic times.
"KRG is very excited to be part of the Convergint Team. They have a successful track record of growth, an outstanding Fortune 500 customer base and is a market leader in their industry," said Ted Nark, managing director of KRG.