In this Research Note, we examine Convergint, a North American security systems integrator. This analysis covers the firm’s target vertical markets and M&A strategy and updates our previous analysis. Headquartered in Schaumberg, Illinois, Convergint is a $2.0 billion systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Listed as the #1 North American systems integrator in SDM Magazine’s Top Systems Integrators Report for the past 5 years, Convergint has over 9,000 employees and 200 locations worldwide. Completing 55 acquisitions since 2001, the company has significantly deepened its vertical market expertise across numerous sectors, particularly in data centers, utilities, healthcare and financial services. Convergint announced in May 2023 that its Financial Sector Business achieved significant growth throughout 2022/2023. To meet customer demand, nearly 200 new technical colleagues were added to the team in the past year – including service and installation specialists dedicated to supporting the […]