Ares Closes $850 Million Single-Asset Continuation Vehicle for Convergint Led by Leonard Green & Partners

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that an Ares Private Equity fund has closed a single-asset continuation vehicle with approximately $850 million in total commitments for Convergint Technologies, L.P. (“Convergint” or the “Company”), a global leader in service-based systems integration. The transaction was led and fully underwritten by Leonard Green & Partners’ (“LGP”) Sage Fund, which seeks to invest in industry-leading assets of other private equity sponsors through single-asset continuation vehicles. Vintage Strategies at Goldman Sachs Alternatives also invested in the continuation vehicle.

Alongside the continuation vehicle, an Ares Private Equity fund has made a substantial new investment in Convergint. Ares funds will continue to hold a shared control position in the Company alongside existing co-sponsors, LGP and Harvest Partners. This investment, in addition to the continuation vehicle, extends Ares’ partnership with Convergint as it aims to support the Company’s continued growth and success.

A global leader in technology enabled security and safety solutions, Convergint’s services include security systems, fire and life safety and other critical communications. Across over 220 technology centers in the Americas, APAC and EMEA, Convergint brings a differentiated value proposition to its diversified and primarily blue-chip customer base in multiple end markets. Since Ares’ investment in early 2018, the Company has approximately quadrupled Adjusted EBITDA, delivered robust organic growth and executed over 40 acquisitions.

“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,” said Matt Cwiertnia, Head of Ares Private Equity and Chairman of Convergint’s Board of Managers. “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.”

“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,” said David Fox and Garrett Hall, Co-Heads of LGP’s Sage strategy. “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.”

“This continuation vehicle underscores the conviction that Ares and LGP have in Convergint and the strength of our growth trajectory,” said Ann Fandozzi, Chief Executive Officer of Convergint. “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.”

William Blair and Jefferies served as financial advisors to Ares on the transaction, and Kirkland & Ellis LLP served as legal counsel. Weil, Gotshal & Manges LLP served as legal counsel to LGP.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2025, Ares Management Corporation’s global platform had nearly $623 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

About Leonard Green & Partners (“LGP”)

Leonard Green & Partners, L.P. (“LGP”) is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $75 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. The firm primarily focuses on services, including consumer, healthcare, and business services, as well as distribution and industrials. For more information, please visit www.leonardgreen.com.

About Convergint

Convergint is a global leader in tech enabled security and safety solutions. The company offers design, implementation, integration, management, and service solutions around the globe. Its 11,000+ colleagues worldwide combine deep vertical expertise with global scale and local service to help customers navigate complex regulatory and compliance requirements with confidence. Convergint has been recognized as the #1 systems integrator in SDM Magazine’s Top Systems Integrators Report for the past 8 years and a U.S. News & World Report ‘Best Company to Work For.’ With over 220 locations worldwide, Convergint aspires to be its customers’ best service provider. To learn more about Convergint, visit www.convergint.com.