ACRE, a provider of state-of-the-art security systems, announces the acquisition of TDS based in Dublin, Ireland. This purchase will enhance ACRE’s strategic expansion plans for strengthening the product portfolio and geography in the UK and Europe and bringing new cloud-based visitor management and access control products to North America. This is ACRE’s first acquisition since being acquired March 11 by Triton Partners. TDS provides cloud-based workspace solutions that will complement the existing ACRE portfolio including the Vanderbilt, RS2, and Open Options brands. Access control applications TDS, which was founded by Frank Hart in 1990, has developed a portfolio of products including cloud-based visitor management, life safety and access control applications. TDS is a fast-growing company leveraging the accelerated adoption of digitized off-premise solutions in the security space. ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to expand ACRE’s position ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to expand ACRE’s competitive position. “We believe we can assist the excellent management team at TDS to leverage our existing reseller channels and end users to help grow this business globally under the ACRE umbrella,” commented Grillo. Smart workplace solutions Frank Hart, TDS Founder and CEO affirmed “This is the beginning of an exciting new chapter for TDS. We are delighted to join ACRE with its strong global reach, which will accelerate our growth plans and support our ambitions to be the top provider of smart workplace solutions for enterprise businesses.” “TDS’s senior board member Sean Murphy and I are particularly excited to work with Joe Grillo and the management team to further strengthen ACRE’s position as the global leader in the delivery of integrated technologies and services.” Frank Hart and Sean Murphy will remain with TDS as CEO and Director / Board Member respectively. Financial details of the transaction were not released.
Funds advised by Triton (‘Triton’) acquired ACRE, an end-to-end security solutions provider based in Dallas/USA and Dublin/Ireland. Triton will invest alongside the current management team of ACRE. ACRE’s previous majority investor, LLR Partners, who has partnered with the company since 2013, will exit the business. The financial terms of the transaction were not disclosed. ACRE is a pioneer in the delivery of security systems for access control and intrusion detection as well as innovative video solutions with a communication networking and intelligent appliance portfolio. Electronic security solutions The software and solutions provided by ACRE’s family of companies (Vanderbilt, Open Options, RS2 Technologies, ComNet, and Razberi) help secure the highest valued assets of large and small customers operating in the private and public sectors. Triton will bring industry expertise and additional capital to support ACRE’s continued innovation and proven buy & build strategy. Triton will bring industry expertise and additional capital to support ACRE’s continued innovation Peder Prahl, Director of the General Partner for the Triton funds, said: "We look forward to actively supporting the management and employees of ACRE as a stable owner by investing in the growth and development of the company. Our industry expertise and international network will further strengthen ACRE’s position as a leading global provider of intelligent electronic security solutions.” Electronic security market Joseph Grillo, ACRE’s CEO, stated: “As we reach our next stage of growth and strive to hit new milestones, we are pleased to welcome Triton as the partner to help us expand our presence and capabilities organically and via new acquisitions. This partnership will allow us to continue to invest in innovation and bring our market-leading solutions to customers.” “ACRE operates in the structurally growing, fragmented, and resilient electronic security market, with an attractive product portfolio and strong market position in the geographies it operates in. We look forward to partnering with Joe and the team as ACRE embarks on the next phase of its journey,” adds Sachin Jivanji, Investment Advisory Professional and advisor to the Triton Funds.
ACRE, a global brand providing state-of-the-art security systems, announced the acquisition of Razberi Technologies based in Farmers Branch, Texas. This purchase will enhance ACRE’s strategic expansion plans for strengthening its video and communications business and product portfolio. This is the latest M&A transaction since ACRE completed the acquisitions of two access control businesses - Open Options in December 2018 and RS2 in May 2019; both of which have continued to prosper and build ACRE’s overall market position. Razberi will significantly increase ACRE’s position in the communications and video market, enhancing the ComNet portfolio and providing complementary technologies to its access control brands. System health monitoring technology In addition, Razberi provides increased cybersecurity protection and threat response times Razberi, which was founded in 2011, has developed a portfolio of products that enable enterprises to deploy a simple, secure best-of-breed video surveillance system. Razberi’s open product platforms work with third-party video cameras, video management and video analytics software. In addition, Razberi provides increased cybersecurity protection and threat response times. ACRE will leverage the technology and expertise of Razberi beyond video across its access control brands for providing server builds, cybersecurity and system health monitoring. ACRE CEO Joseph Grillo stated that this transaction will continue to expand ACRE’s competitive position in a highly fragmented market with great growth potential. Advanced cyber security “The acquisition of Razberi boosts ComNet’s reach in the communications space and enhances our product portfolio with the addition of advanced cybersecurity and system health monitoring technologies,” said Grillo. “We are excited to join the ACRE organization with its strong global reach that will open new opportunities for the Razberi product range,” said Tom Galvin, Founder and Chief Product Officer, Razberi. Tom Galvin will remain as the General Manager of the business post-acquisition and will be instrumental in integrating Razberi into ACRE. Imperial Capital were the advisors to Razberi on this transaction. Financial details of the transaction were not released.
ACRE, a global provider of state-of-the-art security and communication networking systems, announced that it will add two key industry people to the ACRE management roster. Jim Kelly will join ACRE as Chief Revenue Officer starting on March 1, 2020. Jim brings a wealth of experience having had successful positions at Software House, Sensormatic, Tyco International and Johnson Controls. Accelerating growth While at Software House, Jim led the sales and marketing efforts to build the business from $2 million to $120 million in North America. While at Johnson Controls, Jim was responsible for developing sales plans to achieve revenue goals for more than a dozen brands in the JCI Security Products division. ACRE’s CEO, Joseph Grillo stated, “Hiring Jim will add depth at the ACRE management level that can help catapult us to the next level. The ACRE brands have a well-established reputation for world-class service and support; therefore, Jim’s focus will be to devise marketing, sales and channel strategies to accelerate the growth and build on the successes already achieved within the businesses.” doubling business Chuck O’Leary will also join the management team. Chuck, whose successful track record includes managing the sales organizations at Honeywell, Stanley Security Solutions and consistently leading the LenelS2 business to record results, will transition to the position of President of Open Options based in Addison, Texas. Chuck brings 25 years of sales leadership to the team. Current Open Options President, Steve Wagner, stated, “Chuck’s sales and management skills are perfectly suited to assure Open Options achieves its goal of doubling the business over the next five years, and I look forward to working with him as we transition the leadership of this great company.”