Triton, a UK-based private equity firm, has signed an agreement to acquire ACRE, an end-to-end security solutions provider based in Dallas and Dublin, Ireland, with brands that include Vanderbilt, RS2, Open Options, ComNet, and Razberi.
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. Houlihan Lokey acted as exclusive financial advisor to ACRE and LLR Partners. The financial terms of the transaction were not disclosed.
“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,” ACRE CEO Joseph Grillo said in the announcement. “This partnership will allow us to continue to invest in innovation and bring our market-leading solutions to customers.”
Source: Security Systems News
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