ACRE Acquires two companies Feenics and Matrix Systems
Dallas (United States), December 2nd, 2021 – ACRE, a Triton Fund V portfolio company, and a global leader providing state-of-the-art security systems, announced today the strategic acquisitions of companies Feenics and Matrix Systems.
The acquisition of Feenics brings cloud-based access control solutions to ACRE's rapidly growing network of global customers. At the same time, it also expands ACRE´s portfolio supporting the growing demand for cloud-based security solutions.
Matrix Systems expands ACRE’s technology portfolio and customer offering within reliable, integrated access control and video surveillance technologies; all designed to meet the evolving business and security requirements.
The financial details of the respective transactions were not released.
"Our goal is to bring the industry's best technology innovators into our network of brands. Feenics’ cloud architecture and Matrix’s simplified approach to integration have helped both brands build significant loyalty from a wide range of customers in rapidly growing markets, and we look forward to supporting both brand’s continued growth." said Joe Grillo, CEO, ACRE.
Since Triton acquired ACRE in March 2021, the company has now made three bolt-on acquisitions. This is in line with the set-out value creation plan for the company, as it continues to consolidate the industry.
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, TDS, Comnet, Open Options, and RS2 brands deliver advanced solutions to thousands of customers around the world. Today, ACRE employs more than 400 employees in more than 25 countries.
For more information, visit www.acre-co.com
About Triton
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and supports the positive development of medium-sized businesses in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvement and growth.
The 50 companies currently in Triton's portfolio have combined sales of around EUR 18.1 billion and employ around 104,500 employees.
For more information, visit: www.triton-partners.com
