Acquisition of Esscoe by Convergint Explained
In a strategic move aimed at expanding its service capabilities and increasing market presence in the Midwestern United States, Convergint Technologies, a leading provider of mission-critical security and fire safety systems, has announced the acquisition of Esscoe. Based primarily in the Chicago and Midwest regions, Esscoe specializes in design, engineering, and tech-enabled security solutions.
The acquisition enhances Convergint’s offerings in key sectors such as education, finance, utilities, government, healthcare, and data centers. By integrating Esscoe’s specialized knowledge and workforce (adding more than 80 colleagues), Convergint increases its capacity to deliver highly integrated, mission-critical security and fire life safety systems.
Geographic expansion is another key objective of the acquisition. By reinforcing and accelerating growth in the Midwest, Convergint leverages Esscoe’s established local market leadership and reputation for cutting-edge solutions. This strategic move is expected to create a strong combination of expertise and resources.
Industry diversification is also a focus, with Convergint targeting growth in multiple vertical markets including education, healthcare, finance, government, utilities, and data centers. This move aims to broaden Convergint’s portfolio and reduce reliance on any single sector.
The acquisition is supported by Convergint’s private equity partners, Leonard Green & Partners, Ares Management, and Harvest Partners. With this backing, Convergint continues to pursue an aggressive inorganic growth strategy through acquisitions, enabling it to scale operations and revenue, which reached $3.5 billion in 2024.
Scott Bartmess, principal of Esscoe, emphasizes the importance of the partnership in elevating their capacity to support customer growth. He highlights that the partnership will be beneficial for the success of their valued customers, colleagues, and the industry as a whole. Esscoe's mission, which resonates strongly with Convergint's own Values and Beliefs and dedication to being their customers' best service provider, is expected to contribute significantly to this growth.
In summary, the acquisition of Esscoe is a part of Convergint’s broader strategic plan to grow through targeted acquisitions that enhance service offerings, geographic reach, and industry presence, specifically bolstering their position in mission-critical security and fire safety systems in the Midwest. This strategic move is expected to create a powerful combination beneficial for the success of both their valued customers and colleagues, supporting customer growth on a global scale.
- The acquisition of Esscoe will extend Convergint Technologies' service offerings to key sectors such as finance, education, healthcare, government, utilities, and data centers, providing more integrated security and fire life safety systems.
- By integrating Esscoe's specialized knowledge and workforce, Convergint Technologies is aiming to diversify its business and reduce reliance on any single sector, particularly in the Midwest region.
- The merger of Convergint Technologies and Esscoe is anticipated to create a strong combination of expertise and resources, leveraging Esscoe's cutting-edge technology solutions in the finance and security solutions realm.
