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Latest News on KRG Capital

KRG Capital Portfolio Company Trafficware Acquired by Cubic Corporation

Posted on October 25th, by krg in News, Press Releases. No Comments

DENVER, CO (October 25, 2018) – KRG Capital Partners (“KRG”), a Denver-based buyout firm, has sold Trafficware (“Trafficware” or the “Company”), a leading provider of intelligent traffic solutions (ITS) for the transportation industry to Cubic Corporation (NYSE: CUB) (“Cubic”).

Ted Nark, Managing Director at KRG, commented “We have enjoyed an incredibly rewarding partnership with Trafficware’s industry leading management team.  Their outstanding execution of Trafficware’s growth strategy has positioned the Company as a market leader in intelligent traffic solutions and we are confident that they will continue their track record of growth in the years to come.  We wish them all the best with their new partner Cubic.”

“During our partnership with KRG, the Company successfully executed a multi-pronged growth strategy highlighted by strategic investments in its executive leadership, sales team, product development across multiple software platforms, and new product introduction of IoT … Read More »

KRG Capital Portfolio Company Convergint Technologies Acquired by Ares Management Fund

Posted on February 2nd, by krg in News, Press Releases. No Comments

DENVER, CO (February 2, 2018) – KRG Capital Partners (“KRG”), a Denver-based buyout firm, has sold Convergint Technologies (“Convergint” or the “Company”), a leading independent provider of integration services for electronic security, fire and life safety, and building automation systems, to a fund managed by the Private Equity Group of Ares Management, L.P. (NYSE: ARES) (“Ares”).

Ted Nark, Managing Director at KRG, commented “Over the past five years, we have enjoyed an incredible partnership with Convergint’s industry leading management team.  Their outstanding execution of Convergint’s growth strategy has positioned the Company as the market leader in electronic security and we are confident they will continue their remarkable track record of growth in the years to come.  We wish them all the best with their new financial partner Ares.”

“During our partnership with KRG, the Company successfully executed a multi-pronged growth strategy highlighted … Read More »

Convergint Technologies Completes Acquisition of SigNet Technologies

Posted on July 10th, by krg in News, Press Releases. No Comments

DENVER, CO (July 10, 2017) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of SigNet Technologies.  Headquartered in Beltsville, Md., and with an additional office in Cary, N.C., SigNet Technologies is a full-service security systems integrator focused on the enterprise physical security needs of its clients.  Signet’s team of more than 90 colleagues will bring Convergint their specialized knowledge and experience in executing demanding government programs, significantly adding to Convergint’s rapidly expanding government capabilities.

“The acquisition of SigNet adds additional scale and leadership to our fast-growing government practice and continues Convergint’s track record of partnering with best in class integrators in their respective end markets and geographies,” said Ted Nark, Managing Director of … Read More »

KRG Capital Portfolio Company Convergint Technologies Completes Acquisition of Integrated Security Systems

Posted on August 8th, by krg in News, Press Releases. No Comments

DENVER, CO (June 2, 2017) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Integrated Security Systems (“ISS”). Founded in 1962 and with over 100 colleagues across its Miami, FL headquarters and additional offices in Mt. Laurel, NJ and Greenville, SC, ISS provides premium security and fire and life safety solutions by leveraging the latest products and services designed to control access, reduce potential theft, and implement an effective risk management system. The Company brings a very strong service-focused culture and extensive experience in the utilities and financial institutions vertical markets.

“The acquisition of ISS strengthens Convergint’s southeast presence and adds strong leadership and vertical market expertise in utilities and financial institutions. The … Read More »

KRG Capital Portfolio Company PAS Technologies enters into agreement to be acquired by StandardAero Holdings, Inc.

Posted on March 29th, by krg in News, Press Releases. No Comments

DENVER, CO (March 29, 2017) – KRG Capital Partners (“KRG”), a Denver-based buyout firm, has entered into a merger agreement to sell PAS International Holdings, Inc. (“PAS” or the “Company”), a leading provider of OEM and aftermarket aerospace and industrial gas turbine (“IGT”) components as well as oil & gas valve components to StandardAero Holdings, Inc. (“StandardAero”).

“We have really enjoyed working with the PAS management team. They have done an excellent job of improving our plant-level capabilities and in the process enhancing our reputation with our customers for on-time service and leading-edge quality control. PAS is a great fit with StandardAero and we are confident the PAS team will enjoy continued success with their new strategic partner,” said Chuck Hamilton, Managing Director of KRG.

PAS’ Chief Executive Officer, Tom Hutton, added “Through organic capital investment and strategic initiatives, the partnership with … Read More »

KRG Capital Portfolio Company Vention Medical Enters into Agreements to Be Acquired in Two-Part Transaction

Posted on February 23rd, by krg in News, Press Releases. No Comments

DENVER, CO (February 23, 2017) – Vention Medical (Vention), a KRG Capital Partners Fund IV (KRG) portfolio company and integrated services provider for the design, engineering and manufacturing of complex medical devices and components, has entered into merger agreements with separate buyers to sell the business in a two-step transaction. The Advanced Technologies segment will be acquired by Nordson Corporation, the leader in precision dispensing, fluid management, and related technologies and the Device Manufacturing Services segment will be acquired by MedPlast, Inc, a global services provider to the medical device industry. KRG expects the closing will occur in the second quarter of 2017.

Stew Fisher, Managing Director at KRG, commented “I would like to congratulate Dan Croteau and the entire Vention management team for their outstanding execution of the Company’s growth plan, establishing Vention as a technology and supply chain leader through organic … Read More »

Convergint Technologies Acquires Post Browning

Posted on February 3rd, by krg in News, Press Releases. No Comments

DENVER, CO (February 3, 2017) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Post Browning.  Founded in 1978, Post Browning is a full-service systems integrator providing consultation, installation, and maintenance for the retail banking industry.  The acquisition represents Convergint’s first transaction of 2017 and 13th under KRG’s ownership.

“The acquisition of Post Browning expands Convergint’s presence within the physical banking security market and is representative of Convergint’s commitment to partnering with best-in-class regional security integrators to help us better serve our customers,” said Ted Nark, Managing Director of KRG.

KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV.  Post Browning represents … Read More »

Vention Medical Acquires Lithotech Medical

Posted on January 26th, by krg in News, Press Releases. No Comments

Addition of nitinol wire-based technologies offers customers expanded solutions

SOUTH PLAINFIELD, N.J. (January 24, 2017) — Vention Medical announced today its recent acquisition of Lithotech Medical, an industry leader in complex nitinol wire-based technologies based in Israel. The acquisition will expand Vention’s broad portfolio of advanced components and technologies for the development and manufacturing of medical devices for the interventional market.

In addition to supplying discrete nitinol components, Vention will now have the capability to seamlessly integrate nitinol into customers’ design and development projects. With its ability to scale, Vention will be able to leverage nitinol-based technologies for the manufacturing and assembly of devices from low-volume prototypes to high-volume production.

“Partnering with this talented group of nitinol experts expands our portfolio of advanced components and technologies as well as our applications expertise,” said Tom Testa, President of Vention’s Advanced … Read More »

KRG Capital Partners Completes Sale of Ansira

Posted on December 21st, by krg in News, Press Releases. Comments Off on KRG Capital Partners Completes Sale of Ansira

DENVER, CO (December 21, 2016) – KRG Capital Partners (KRG), a Denver-based buyout firm, today announced that it has completed the sale of Ansira Partners, Inc. (Ansira), a leading data-driven, technology-enabled marketing solutions provider, to Advent International.  Financial terms were not disclosed.

Bruce Rogers, Managing Director at KRG, commented “I’d like to congratulate Martin Reidy and the entire Ansira management team for their superb execution of Ansira’s growth strategy and market positioning, and thank them for their strong partnership with KRG.  Ansira is an industry leading solutions provider because Martin and his team remain keenly focused on delivering outstanding results for Ansira’s clients in this time of fast paced change in data-driven and technology-enabled marketing.  We wish them all the best with their new partners Advent International.”

KRG acquired Ansira in March 2012, and the sale represents the 9th successful full exit … Read More »

KRG Completes Sale of Fort Dearborn Company to Advent International

Posted on October 21st, by krg in News, Press Releases. Comments Off on KRG Completes Sale of Fort Dearborn Company to Advent International

DENVER, CO (October 21, 2016) – KRG Capital Partners (KRG), a Denver-based buyout firm, completed its sale of Fort Dearborn Company (“Fort Dearborn” or the “Company”), a leading North American supplier of high impact prime labels for the consumer goods industry to Advent International (“Advent”) on October 19, 2016.

KRG acquired Fort Dearborn in August 2010.  This sale represents the eighth exit in KRG’s $1.96 billion Fund IV.  Fort Dearborn also represents the 39th exit over KRG’s 20-year history of consistently applying the “buy-and-build” strategy to achieve growth by expanding the product and service capabilities of its platform companies to meet customer needs.  Inception-to-date, KRG portfolio companies have completed a combined 199 add-on acquisitions.

KRG partnered with Fort Dearborn management to execute a strategic plan designed to capitalize on the Company’s core strengths, while expanding into higher-growth and emerging label technologies. During … Read More »