Private equity-owned Convergint Technologies LLC has closed on a $142.5 million secured credit facility from Ally Commercial Finance.
Convergint, based in Schaumburg, Ill., integrates electronic security, fire alarm, building automation and healthcare technology systems. The company is owned by private equity firm KRG Capital Partners.
The loan is comprised of a $22.5 million revolver and a $120 million term loan.
Headquartered in Denver, KRG Capital Partners’ portfolio companies include: Aurora Diagnostics, a laboratory company; Marquette Transportation, a marine transporter; and Specialty Finance Co., which manages accounts receivable.