M&A Deal Summary

Convergint Acquires Dramis

On February 3, 2022, Convergint acquired communications company Dramis

Acquisition Highlights
  • This is Convergint’s 1st transaction in the Communications sector.
  • This is Convergint’s 4th transaction in Canada.
  • This is Convergint’s 1st transaction in New Brunswick.

M&A Deal Summary
Date 2022-02-03
Target Dramis
Sector Communications
Buyer(s) Convergint
Deal Type Add-on Acquisition

Target

Dramis

Moncton, New Brunswick, Canada
Dramis is a telecommunications and networking reseller offering security, VOIP, and unified communications as a service (UCaaS) solutions. The company focuses on its colleagues, enabling them with the skills and expertise to deliver cost-effective, expeditious service to their clients across the region. Dramis was formed in 1989 and is based in Moncton, New Brunswick.

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Buyer(S) 1

Buyer

Convergint

Schaumburg, Illinois, United States
Category Company
Founded 2001
Sector Safety/Security
DESCRIPTION

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

DEAL STATS #
Overall 45 of 56
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 41 of 52
State (New Brunswick) 1 of 1
Country (Canada) 4 of 5
Year (2022) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Universal Security Systems

London, United Kingdom

Universal Security Systems is specializes as a security technology integrator in the design, installation and support of converged security solutions. Universal Security Systems is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 Prosys Services

Hornsby, Australia

Prosys Services provides state-of-the-art, enterprise-grade security management systems to commercial and industrial clients, tertiary institutions, critical infrastructure, health departments, the construction industry, and other large corporations. Prosys Services was founded in 1988 and is based in Hornsby, Australia.

Buy -
Mergr

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