Ares Management has closed an $850 million single-asset continuation vehicle for Convergint Technologies, extending its long-running investment in the global service-based systems integrator.
The transaction was led and fully underwritten by Leonard Green & Partners through its Sage Fund strategy, which invests in high-quality assets owned by other private equity sponsors via continuation vehicles. Vintage Strategies at Goldman Sachs Alternatives also invested in the vehicle.
Alongside the continuation fund, an Ares private equity fund made a substantial new investment in Convergint. Ares funds will continue to hold a shared control position in the company alongside existing co-sponsors Leonard Green & Partners and Harvest Partners. The new capital structure extends Ares’ partnership with Convergint as the company continues its global expansion.
Convergint is a technology-enabled security and safety solutions provider offering services including security systems, fire and life safety, and critical communications. The company operates more than 220 technology centers across the Americas, APAC and EMEA, serving a diversified base of primarily blue-chip customers in multiple end markets.
Since Ares’ initial investment in early 2018, Convergint has approximately quadrupled adjusted EBITDA, delivered strong organic growth and completed more than 40 acquisitions.
As of December 31, 2025, Ares reported nearly $623 billion in assets under management across its global platform, spanning credit, real estate, private equity and infrastructure strategies.
KEY QUOTES:
“We are excited to advance our strategic support for Convergint and build upon our existing relationship with LGP through this transaction, which underscores the consistent growth that Convergint has achieved as well as our conviction in its business model. As Convergint benefits from strong secular tailwinds driven by increasing threat awareness and advancements in technology, we remain highly confident in the Company’s growth playbook.”
Matt Cwiertnia, Head of Ares Private Equity and Chairman of Convergint’s Board of Managers
“Convergint exemplifies the high-quality, industry-leading companies we aim to support through the Sage strategy, and we are pleased to expand our partnership with Ares by delivering this comprehensive capital solution. We have strong conviction in Convergint’s leadership team, differentiated service-oriented model and sustained growth momentum, and we are excited to support the Company’s long-term value creation strategy.”
David Fox and Garrett Hall, Co-Heads of LGP’s Sage strategy
“This continuation vehicle underscores the conviction that Ares and LGP have in Convergint and the strength of our growth trajectory. As demand rises for providers with global scale, deep vertical expertise and strong local leadership, we believe we are well positioned to help customers navigate an increasingly complex risk environment.”
Ann Fandozzi, Chief Executive Officer of Convergint
