ACRE Acquired by European Private Equity Firm Triton
ACRE’s family of security companies include Vanderbilt, Open Options, RS2 Technologies, ComNet and Razberi.
DALLAS — Holding company ACRE, a global provider of security systems, has signed an agreement to be acquired by Triton, a London-based private equity firm.
Terms of the transaction were not disclosed. Triton will invest alongside the current management team of ACRE, according to an announcement. The holding company’s previous majority investor, LLR Partners, who has partnered with the company since 2013, will exit the business.
ACRE is a global provider of security systems for access control and intrusion detection, as well as video solutions with a communication networking and intelligent appliance portfolio. ACRE’s family of companies include Vanderbilt, Open Options, RS2 Technologies, ComNet and Razberi.
“As we reach our next stage of growth and strive to hit new milestones, we are pleased to welcome Triton as the partner to help us expand our presence and capabilities organically and via new acquisitions,” says ACRE CEO Joseph Grillo, an SSI Industry Hall of Fame member. “This partnership will allow us to continue to invest in innovation and bring our market-leading solutions to customers.”
Triton will bring industry expertise and additional capital to support ACRE’s continued innovation and proven buy & build strategy, according to the announcement.
“We look forward to actively supporting the management and employees of ACRE as a stable owner by investing in the growth and development of the company,” states Peder Prahl, director of the general partner for the Triton funds. “Our industry expertise and international network will further strengthen ACRE’s position as a leading global provider of intelligent electronic security solutions.”
Triton is currently invested in 45 companies, mainly in Northern Europe, with combined sales of approximately $21.8 billion and around 101,000 employees.
“ACRE operates in the structurally growing, fragmented and resilient electronic security market, with an attractive product portfolio and strong market position in the geographies it operates in,” says adds Sachin Jivanji, an advisor to the Triton Funds. “We look forward to partnering with Joe and the team as ACRE embarks on the next phase of its journey.”
Houlihan Lokey acted as exclusive financial advisor to ACRE and LLR Partners.
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