SUMMIT, N.J. – Egis Capital Partners has announced a growth investment in global integrated high-security access control and security solutions provider AMAG Technology, according to a joint announcement .
The growth investment supports Shore Rock Partner’s majority acquisition of AMAG from Allied Universal in December, the announcement says.
Since 2008, Egis has been “investing in market-leading security companies with strong brand recognition and growth strategy,” according to the joint announcement. AMAG represents Egis’ fifth investment in access control, where AMAG is well positioned to expand its offerings across its strong enterprise customer base of critical operations and infrastructure.
Why Did Egis Capital Partners Invest in AMAG Technology
The growth capital “will support advancements in the product roadmap and investments in customer relationships,” the announcement says, under the leadership of CEO David Sullivan.
“We are excited to have Egis as partners given their decades of expertise and experience scaling access control companies,” says Sullivan in the joint announcement. “The enhanced partnership highlights AMAG’s commitment to providing best-in-class advanced security solutions to our customers, who rely on our technology to secure their assets and enhance their operations.”
“Egis is glad to be partnering with Shore Rock to support AMAG in its next phase of growth,” says Robert Chefitz, managing partner of Egis, in the joint announcement. “This is our second time backing David Sullivan.
“We believe in this rapidly evolving risk landscape and technology environment, David and the AMAG team are well-suited to drive product innovation and support as a trusted partner to their global enterprise customers and channel partners,” he says.
