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Convergint Acquires Beckwith Electronic Engineering Co. And Beckwith Electronic Systems, Expanding Life Safety Offerings In South Central U.S.

Dec 05, 2022•over 2 years ago

Acquiring Company

Convergint

Acquired Company

Beckwith Electronic Engineering

Description

Convergint, a global leader in service-based systems integration, today announced it has acquired Beckwith, a Texas-based integrator comprised of Beckwith Electronic Engineering, Co. and Beckwith Electronic Systems, LLC. Beckwith specializes in communication, security, and life safety systems, and the acquisition adds 140 colleagues to Convergint, greatly expanding the company’s vertical reach and presence across the South Central region of the United States.

Company Information

Company

Convergint

About

Convergint is a $1.7 billion global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety systems, financial automation, building automation, and audio-visual. Listed as the #1 systems integrator in SDM Magazine's Top Systems Integrators Report for the past 4 years, Convergint leads with over 6,500 colleagues and more than 150 locations worldwide. To learn more about Convergint, visit www.convergint.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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