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New Deal


Announced

Convergint Technologies to acquire Custom Vault.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

vault solutions

Friendly

United States

Acquisition

Pending

Private

Security Equipment

Majority

Domestic

Synopsis

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Convergint Technologies, a global, service-based systems integrator, agreed to acquire Custom Vault, which designs and installs complex, high-security modular vault solutions. Financial terms were not disclosed. “Today’s announcement marks an exciting new chapter for both companies, our customers in the financial industry, and the future growth of Convergint. As we continue to execute on our strategic growth strategy, one essential ingredient we seek before determining our interest is their investment and commitment to foster an inclusive, supportive culture—and Custom Vault Corporation embodies just that. This combination will further strengthen our ability to provide our customers in the financial industry with an unparalleled customer service experience,” Ken Lochiatto, Convergint Technologies CEO.

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