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Convergint Acquires Systems 28, Further Expanding Midwest Presence And Life Safety Capabilities

Apr 05, 2022•over 3 years ago

Acquiring Company

Convergint

Acquired Company

Convergint

Description

Convergint, a global leader in service-based systems integration, today announced that is has acquired Systems 28, Inc., an Ohio-based systems integrator, specializing in fire alarm and life safety services. The acquisition provides increased growth opportunities for Convergint throughout Ohio, enabling the company to continue to serve its existing base of customers while adding some of the largest, local, regional, and global companies in the area.

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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