SUMMIT, N.J., March 19, 2021 /PRNewswire/ — Egis Capital Partners (“Egis”) is pleased to announce that it recently realized its equity investment in ACRE, LLC (“ACRE” or “the Company”), a global leader in the delivery of security systems for access control, security video networking and commercial intrusion systems. 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.
The partnership with ACRE and Joseph Grillo, ACRE’s CEO and Egis Industry Advisory Board member was initiated in 2013, and since that time, the Company has completed eight acquisitions and had a very profitable sale of its Mercury division in 2017. Egis works with security industry management teams to identify opportunities for investment in the Security and Protection industry. During Egis’s hold period, ACRE became one of the largest independent providers of access control and electronic security solutions in North America and Europe.
“When I founded ACRE, I knew Robert Chefitz and Egis Capital would be a trusted partner that had deep expertise in the Security Industry, a proven track-record of success, and the vision to see the opportunity ahead for ACRE,” said ACRE CEO Joseph Grillo. “Robert was our first investor to commit and through his personal relationships with LLR we were able to build out the capital structure. Since our initial acquisition, Robert has been instrumental in supporting our ongoing efforts to make add-on acquisitions that broadened our geography and technology.”
Robert Chefitz, Egis Founder and Managing Partner, stated, “Joe Grillo has done an excellent job in building his team and delivering an outstanding result for shareholders. ACRE has continuously been able to attract and acquire interesting brands in the security space. Joe and his team have been brilliant in integrating these companies into a very profitable business.”
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Egis Capital Announces Successful Exit of ACRE, a Global Provider of Access Control Security Systems
/in Access ControlSUMMIT, N.J., March 19, 2021 /PRNewswire/ — Egis Capital Partners (“Egis”) is pleased to announce that it recently realized its equity investment in ACRE, LLC (“ACRE” or “the Company”), a global leader in the delivery of security systems for access control, security video networking and commercial intrusion systems. 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.
The partnership with ACRE and Joseph Grillo, ACRE’s CEO and Egis Industry Advisory Board member was initiated in 2013, and since that time, the Company has completed eight acquisitions and had a very profitable sale of its Mercury division in 2017. Egis works with security industry management teams to identify opportunities for investment in the Security and Protection industry. During Egis’s hold period, ACRE became one of the largest independent providers of access control and electronic security solutions in North America and Europe.
“When I founded ACRE, I knew Robert Chefitz and Egis Capital would be a trusted partner that had deep expertise in the Security Industry, a proven track-record of success, and the vision to see the opportunity ahead for ACRE,” said ACRE CEO Joseph Grillo. “Robert was our first investor to commit and through his personal relationships with LLR we were able to build out the capital structure. Since our initial acquisition, Robert has been instrumental in supporting our ongoing efforts to make add-on acquisitions that broadened our geography and technology.”
Robert Chefitz, Egis Founder and Managing Partner, stated, “Joe Grillo has done an excellent job in building his team and delivering an outstanding result for shareholders. ACRE has continuously been able to attract and acquire interesting brands in the security space. Joe and his team have been brilliant in integrating these companies into a very profitable business.”
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Egis Portfolio Company MCP Acquires MTG, Boosting Its Capabilities for the Justice and Public Safety Sectors
/in Public SafetyAcquisition furthers MCP’s opportunities to help agencies integrate complex systems and data, and to build workflows that break down silos
Mission Critical Partners (MCP) today announced the acquisition of MTG Management Consultants (MTG), a Seattle-based firm that provides strategy and management services to local, county and state government entities. The acquisition further strengthens MCP’s credentials as the leading provider of consulting services—as well as data-integration, network and cybersecurity solutions—for public safety and justice sector clients to enhance their technologies and operations.
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Egis Portfolio Company ACRE Boosts Portfolio With Razberi Technologies Acquisition
/in Access ControlACRE, a global provider of security systems, announced the acquisition of Razberi Technologies. Razberi, founded in 2011, has developed a portfolio of products that enable enterprises to deploy video surveillance systems.
This purchase for undisclosed terms will enhance ACRE’s strategic expansion plans for strengthening its video and communications business and product portfolio.
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PSA ADAPT State of Industry Panel Joined By Bill Polk of Egis Capital Partners
/in Egis Capital PartnersThe virtual session featured PSA CEO Bill Bozeman and President Ric McCullough, joined by NSCA’s Chuck Wilson and Bill Polk of EGIS Capital Partners.
ADAPT 2020, a managerial conference for PSA owner and member company employees, was hosted virtually Oct. 6-8 following cancellation of the in-person event, which was originally scheduled to be held in Hilton Head Island, S.C.
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ButterflyMX Receives Growth Capital Funding from Egis
/in Access Control, IoT, Smart BuildingsButterflyMX, creator of the smart intercom, a secure and convenient smartphone-based technology that is changing the way residents and tenants access their buildings, today announced the closing of a $35M growth equity round. This latest round was led by Volition Capital, with participation from Egis Capital, RiverPark Ventures and Stifel Venture Bank. The round will enable ButterflyMX to expand into new markets and introduce new products that extend its award-winning smart intercom access experience from the front door to the rest of the building.
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Egis Capital Announces Final Close of Fund III
/in Egis Capital PartnersSUMMIT, N.J., Sept. 16, 2020 /PRNewswire/ — Egis Capital Partners is pleased to announce the successful closing of its third fund. The Firm’s investment strategy is to make acquisitions and growth equity investments in the security and protection industry. Egis was founded in 2008 and is uniquely focused on companies that protect people, assets and data.
With Fund III, Egis has expanded its investor base which includes industry executives that are leaders in the security and protection industry. Founder and Managing Partner Robert Chefitz stated, “Current events have demonstrated the enduring demand for solutions that can mitigate risk in whatever form it takes”. Fund III closed early this year and currently has three investments. Fund III has more than tripled in size from Fund II and doubled its team. Egis is focused on middle market late stage growth equity investments and buyouts of technology-enabled product and services businesses.
The Firm plans to continue executing on its strategy of investing in technology driven companies with enterprise values ranging between $30 million and $200 million that require a total equity investment between $10 million and $80 million. Egis has made investments in categories including access control, public safety, smart home, IoT building solutions, global risk management, safe city, identity solutions, and remote video monitoring. For additional information visit http://www.egiscapitalpartners.com/
GardaWorld Acquires Egis Portfolio Company WorldAware
/in Risk Management SolutionsWorldAware, a leading integrated security risk management firm was acquired by GardaWorld. The strategic acquisition of WorldAware enables GardaWorld to offer its clients access to the most comprehensive intelligence and security risk management services in the industry, anywhere in the world.
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Egis Portfolio Company Brivo Acquires Parakeet to Add Smart Building Capabilities
/in Access Control, IoT, Video SurveillanceBrivo, the global leader in cloud-based physical security, has acquired Parakeet Technologies, a provider of smart building solutions which include sensors, thermostats, wireless locks, and lighting controls. The acquisition accelerates Brivo’s ongoing push to enhance its in-building capabilities beyond its current access control, video, and security.
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Egis Portfolio Company MCP Announces Acquisition of URL Integration, Expanding its Data-Integration Capabilities
/in Public SafetyMission Critical Partners (MCP), a leading public safety consulting and information technology (IT) support services firm, announced the acquisition of URL Integration, an IT consulting company specializing in the planning and implementation of complex data-exchange points for the criminal justice and public safety sectors.
Combination will provide public safety clients with new opportunities to leverage mission-critical data to improve emergency response outcomes.
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Egis Portfolio Company MCP Acquires Black & Veatch’s Public Safety Consulting Business
/in Public SafetyMission Critical Partners (MCP), a leading public safety consulting and information technology (IT) support services firm, today announced the completion of its acquisition of Black & Veatch’s Public Safety (BVPS) consulting division. With BVPS—a unit of Black & Veatch’s Connected Communities business—MCP strengthens its capabilities to design and deploy reliable, advanced radio and wireless broadband systems targeting the public safety sector.
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