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Announced

Completed

Convergint completed the acquisition of Beckwith Electronic.

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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Completed

life safety systems

Acquisition

Domestic

Majority

United States

Friendly

Security Equipment

security systems

communications systems

Single Bidder

Private

Synopsis

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Convergint, a provider of service-based systems integration, completed the acquisition of Beckwith Electronic, which specializes in communication, security, and life safety systems. Financial terms were not disclosed. "For 60 years, we’ve provided our colleagues with a great place to work and our customers with quality products, competitive pricing, and excellent service. Partnering with Convergint is the natural next step to enhance our capabilities. Our guiding philosophy is well-aligned with Convergint’s core Values and Beliefs, and we look forward to working together to bring new opportunities and possibilities to our valued colleagues and customers," Thomas Schluter, Beckwith CEO.

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