Corbett Technology Solutions Inc. (CTSI), a portfolio company of Wind Point Partners, announced it has acquired Star Asset Security, a systems integrator and provider of monitoring and managed services across enterprise IT, cyber, and physical security infrastructure.
Beginning Dec. 20, 2021, The Monitoring Association (TMA) members who are FM approved, Intertek/ETL, or UL-listed may submit their applications for the TMA 2022 Monitoring Center Excellence Awards.
The addition of Almo Corporation builds on other acquisitions in North America such as Stampede, Jam Industries, The Music People and JB&A, adding depth to its consumer portfolio.
Ares Management Corporation and Convergint Technologies announced that Leonard Green & Partners, L.P. and funds managed by Harvest Partners, LP have purchased equity in Convergint from a fund managed by Ares’ Private Equity Group and other existing shareholders.
Vested employees will share beneficial ownership in the growth of the company and will be credited with shares of company stock within the ESOP trust each year at no cost, allowing them to earn ownership and accumulate tax-deferred retirement wealth through their service.
Each awardee will receive a $3,000 scholarship to use toward continuing education and professional development courses, SIA program offerings and/or other academic or education programs.
The merged operations will allow for direct support of access control, video solutions, systems integration, fire systems, specialized network solutions, and more with combined operations of $26 million and 60 employees.