ACRE acquired by European non-public fairness agency Triton
ACRE’s household of safety firms contains Vanderbilt, Open Choices, RS2 Applied sciences, ComNet and Razberi.
DALLAS – Holding firm ACRE, a worldwide supplier of safety programs, has signed an settlement to be acquired by Triton, a London-based non-public fairness agency.
Phrases of the transaction weren’t disclosed. Triton will make investments alongside ACRE’s present administration group, in accordance with an announcement. The previous majority investor within the holding firm, LLR Companions, who has partnered with the corporate since 2013, will probably be leaving the corporate.
ACRE is a worldwide provider of safety programs for entry management and intrusion detection, in addition to video options with a communications community and a portfolio of good units. The ACRE household of firms contains Vanderbilt, Open Choices, RS2 Applied sciences, ComNet and Razberi.
“As we attain our subsequent stage of progress and attempt to take new steps, we’re happy to welcome Triton as a companion to assist us increase our presence and capabilities organically and thru new acquisitions. », Says Joseph Grillo, CEO of ACRE, a SSI Member of the Trade Corridor of Fame. “This partnership will enable us to proceed to put money into innovation and convey our market-leading options to clients.”
Triton will carry trade experience and extra capital to assist ACRE’s continued innovation and confirmed purchase and construct technique, in accordance with the announcement.
“We sit up for actively supporting ACRE administration and staff as a secure proprietor by investing within the progress and growth of the enterprise,” stated Peder Prahl, normal companion director of Triton Funds. “Our trade experience and worldwide community will additional strengthen ACRE’s place as a number one world supplier of clever digital safety options.”
Triton is presently invested in 45 firms, primarily in Northern Europe, with mixed gross sales of roughly $ 21.8 billion and roughly 101,000 staff.
“ACRE operates in a structurally rising, fragmented and resilient digital safety market, with a beautiful product portfolio and a powerful market place within the geographies the place it operates,” provides Sachin Jivanji, Triton Fund Advisor. “We sit up for partnering with Joe and the group as ACRE begins the following part of its journey.”
Houlihan Lokey acted as unique monetary advisor for ACRE and LLR Companions.