Convergint acquisition grows business on West Coast

SCHAUMBURG - Convergint said Tuesday it has acquired Premier Security Group, a diversified physical security company serving the financial market in California, Utah and Arizona.

PSG provides a wide range of services, from design and installation to commercial electronic security and banking equipment maintenance. The company boasts a strong geographical footprint on the West Coast, providing customer service to more than 80 financial clients, including credit unions and banks, totaling over 1,200 branches, Convergint said.

Financial terms of the transaction were not disclosed.

"We recently celebrated our 20th anniversary, and with it has come great excitement about our momentum and growth," said Ken Lochiatto, CEO of Convergint. "We are thrilled to welcome new colleagues with deep expertise in the financial sector, further strengthening our vertical experience and servicing capabilities."

Schaumburg-based Convergint is a $1.7 billion global systems integrator that designs, installs and services electronic security, cybersecurity, fire and life safety systems. It also builds and maintains financial automation, building automation and audiovisual systems.