Cleveland, Ohio — September 25, 2012 — Cyprium Investment Partners LLC (Cyprium), a private equity firm focused primarily on non-control investments, announced today an exit from its investment in Convergint Technologies, LLC (Convergint). Headquartered in Schaumburg, Illinois, Convergint is an independent U.S. building systems integrator. It designs, installs, and services electronic security, fire alarm and life safety, and building automation systems. Cyprium’s original subordinated debt investment assisted the management team of Convergint in the repurchase of a minority equity stake from a publicly traded partner.
“Convergint has been a prime example of the type of investments we endeavor to make at Cyprium Partners,” said Leland Lewis, a Managing Partner at Cyprium. “We pride ourselves on supporting entrepreneurs with capital to pursue growth and value creation opportunities. Convergint has a dynamic management team, an excellent market position, and attractive growth prospects. We wish the Convergint team much success as they start the next chapter in the Company’s history.”
About Cyprium Partners
Cyprium Investment Partners LLC is a private equity firm focused primarily on non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock and/or common stock to enable privately-held businesses, entrepreneurs and management teams to achieve their financial and/or strategic objectives. With offices in Cleveland and New York, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies that have $10 million or more of EBITDA. Learn more about Cyprium Partners at www.cyprium.com.