In this Research Note, we examine the access control and visitor management business of Acre Security, a Dallas, USA-based buy-and-build company backed by private equity capital. Founded in 2012 to acquire, partner or invest in specialized players in the physical security industry, acre offers a single platform of on-premises, cloud, and hybrid security solutions. This article updates our analysis of the company in January 2022. In May 2022, Don Joos took over the helm as CEO from Joseph Grillo, who oversaw a track record of 11 acquisitions and 1 divestment and grew the company to over 500 employees worldwide with close to $300 million in revenue. Acre offers a broad array of solutions including access control, visitor management, intrusion, workplace, transmission, and connectivity solutions across the banking, education, healthcare, pharmaceutical, retail sectors. The business operates in more than 25 countries, with 50% of its revenues originating outside the U.S. In March 2023, ACRE launched a […]