London (United Kingdom) / Dallas (United States), March 11th 2021. Funds advised by Triton (“Triton”) acquired ACRE, a leading 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 global leader 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. 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.
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.”
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.
About ACRE
ACRE is a global leader in the delivery of integrated technologies and services. Since its formation in 2012, ACRE has played an instrumental role in the development and implementation of security technology initiatives on a global scale. Its’ Vanderbilt, RS2, Open Options, ComNet, and Razberi brands deliver advanced solutions to thousands of customers around the world. Today, ACRE employs approximately 325 employees in more than 25 countries.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.