Egis Portfolio Company Brivo to Become Publicly Traded Company Through Merger with Crown Proptech Acquisitions

BETHESDA, MD. and NEW YORK (November 10, 2021)

Brivo, Inc., the global leader in cloud-based access control and smart building technologies, and Crown PropTech Acquisitions (NYSE: CPTK) (“Crown”), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive merger agreement that will result in Brivo becoming a publicly listed company. The transaction values the company at a pro forma enterprise value of $808 million. Upon closing, the combined company will operate as Brivo, and its Class A common stock is expected to be listed under the ticker symbol “BRVS.” This strategic business combination will enable Brivo to leverage Crown’s experience and relationships as an owner and operator of commercial real estate to accelerate market expansion.

Since its founding in 1999, Brivo has pioneered and defined the cloud-base access control category. Brivo’s leadership was instrumental in transforming the security industry, which at the time was dominated by on-premise client-server technology, and has achieved remarkable growth with the innovative cloud-based hardware and software solutions it began rolling out in 2002. Today, Brivo builds and sells Software-as-a-Service-based (SaaS) building access management services and innovative connected devices to enterprises and property owners through over 1,500 channel partners. These partners provide local sales, service and installation across all classes of commercial real estate including office, industrial, multifamily and retail properties. As it continues to scale, Brivo expects to benefit from the dramatic increase in smart space adoption driven by the PropTech boom, the growing customer preference for cloud-based services, the new normal in safety and health, and a shift in security integrator channel sentiment – which has swung from 20% to 75% in favor of the cloud over the last five years.

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Egis Capital Announces Successful Exit of ACRE, a Global Provider of Access Control Security Systems

SUMMIT, N.J., March 19, 2021 /PRNewswire/ — Egis Capital Partners (“Egis”) is pleased to announce that it recently realized its equity investment in ACRE, LLC (“ACRE” or “the Company”), a global leader in the delivery of security systems for access control, security video networking and commercial intrusion systems. The software and solutions provided by ACRE’s family of companies (Vanderbilt, Open Options, RS2 Technologies, ComNet and Razberi) help secure the highest valued assets of large and small customers operating in the private and public sectors.

The partnership with ACRE and Joseph Grillo, ACRE’s CEO and Egis Industry Advisory Board member was initiated in 2013, and since that time, the Company has completed eight acquisitions and had a very profitable sale of its Mercury division in 2017.  Egis works with security industry management teams to identify opportunities for investment in the Security and Protection industry. During Egis’s hold period, ACRE became one of the largest independent providers of access control and electronic security solutions in North America and Europe.

“When I founded ACRE, I knew Robert Chefitz and Egis Capital would be a trusted partner that had deep expertise in the Security Industry, a proven track-record of success, and the vision to see the opportunity ahead for ACRE,” said ACRE CEO Joseph Grillo. “Robert was our first investor to commit and through his personal relationships with LLR we were able to build out the capital structure.  Since our initial acquisition, Robert has been instrumental in supporting our ongoing efforts to make add-on acquisitions that broadened our geography and technology.”

Robert Chefitz, Egis Founder and Managing Partner, stated, “Joe Grillo has done an excellent job in building his team and delivering an outstanding result for shareholders.  ACRE has continuously been able to attract and acquire interesting brands in the security space. Joe and his team have been brilliant in integrating these companies into a very profitable business.”

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Egis Portfolio Company MCP Acquires MTG, Boosting Its Capabilities for the Justice and Public Safety Sectors

Acquisition furthers MCP’s opportunities to help agencies integrate complex systems and data, and to build workflows that break down silos

Mission Critical Partners (MCP) today announced the acquisition of MTG Management Consultants (MTG), a Seattle-based firm that provides strategy and management services to local, county and state government entities. The acquisition further strengthens MCP’s credentials as the leading provider of consulting services—as well as data-integration, network and cybersecurity solutions—for public safety and justice sector clients to enhance their technologies and operations.

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Egis Portfolio Company ACRE Boosts Portfolio With Razberi Technologies Acquisition

ACRE, a global provider of security systems, announced the acquisition of Razberi Technologies. Razberi, founded in 2011, has developed a portfolio of products that enable enterprises to deploy video surveillance systems.

This purchase for undisclosed terms will enhance ACRE’s strategic expansion plans for strengthening its video and communications business and product portfolio.

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PSA ADAPT State of Industry Panel Joined By Bill Polk of Egis Capital Partners

The virtual session featured PSA CEO Bill Bozeman and President Ric McCullough, joined by NSCA’s Chuck Wilson and Bill Polk of EGIS Capital Partners.

ADAPT 2020, a managerial conference for PSA owner and member company employees, was hosted virtually Oct. 6-8 following cancellation of the in-person event, which was originally scheduled to be held in Hilton Head Island, S.C.

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ButterflyMX Receives Growth Capital Funding from Egis

ButterflyMX, creator of the smart intercom, a secure and convenient smartphone-based technology that is changing the way residents and tenants access their buildings, today announced the closing of a $35M growth equity round. This latest round was led by Volition Capital, with participation from Egis Capital, RiverPark Ventures and Stifel Venture Bank. The round will enable ButterflyMX to expand into new markets and introduce new products that extend its award-winning smart intercom access experience from the front door to the rest of the building.

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Egis Capital Announces Final Close of Fund III

SUMMIT, N.J.Sept. 16, 2020 /PRNewswire/ — Egis Capital Partners is pleased to announce the successful closing of its third fund.  The Firm’s investment strategy is to make acquisitions and growth equity investments in the security and protection industry.  Egis was founded in 2008 and is uniquely focused on companies that protect people, assets and data.

With Fund III, Egis has expanded its investor base which includes industry executives that are leaders in the security and protection industry.  Founder and Managing Partner Robert Chefitz stated, “Current events have demonstrated the enduring demand for solutions that can mitigate risk in whatever form it takes”.   Fund III closed early this year and currently has three investments.  Fund III has more than tripled in size from Fund II and doubled its team.  Egis is focused on middle market late stage growth equity investments and buyouts of technology-enabled product and services businesses.

The Firm plans to continue executing on its strategy of investing in technology driven companies with enterprise values ranging between $30 million and $200 million that require a total equity investment between $10 million and $80 million.  Egis has made investments in categories including access control, public safety, smart home, IoT building solutions, global risk management, safe city, identity solutions, and remote video monitoring.  For additional information visit

GardaWorld Acquires Egis Portfolio Company WorldAware

WorldAware, a leading integrated security risk management firm was acquired by GardaWorld. The strategic acquisition of WorldAware enables GardaWorld to offer its clients access to the most comprehensive intelligence and security risk management services in the industry, anywhere in the world.

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Egis Portfolio Company Brivo Acquires Parakeet to Add Smart Building Capabilities

Brivo, the global leader in cloud-based physical security, has acquired Parakeet Technologies, a provider of smart building solutions which include sensors, thermostats, wireless locks, and lighting controls. The acquisition accelerates Brivo’s ongoing push to enhance its in-building capabilities beyond its current access control, video, and security.

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Egis Portfolio Company MCP Announces Acquisition of URL Integration, Expanding its Data-Integration Capabilities

Mission Critical Partners (MCP), a leading public safety consulting and information technology (IT) support services firm,  announced the acquisition of URL Integration, an IT consulting company specializing in the planning and implementation of complex data-exchange points for the criminal justice and public safety sectors.

Combination will provide public safety clients with new opportunities to leverage mission-critical data to improve emergency response outcomes.

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Egis Portfolio Company MCP Acquires Black & Veatch’s Public Safety Consulting Business

Mission Critical Partners (MCP), a leading public safety consulting and information technology (IT) support services firm, today announced the completion of its acquisition of Black & Veatch’s Public Safety (BVPS) consulting division. With BVPS—a unit of Black & Veatch’s Connected Communities business—MCP strengthens its capabilities to design and deploy reliable, advanced radio and wireless broadband systems targeting the public safety sector.

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Egis Capital Realizes Investment in Stealth Monitoring

Robert Cherun, Chief Executive Officer of Stealth said, “Egis Capital Partners was our largest investor for the past several years. They were a helpful thought partner on capital structure, introduced us to dozens of industry contacts, and were very helpful in focusing us on being a more metrics driven business….”

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Heeding The Call For Better Technology, Dollars Flow Into 911 Communications

Once a very sleepy business, 911 centers are seeing a surge of investment lately.

“A lot of VC money is coming into the market,” says Robert Chefitz, managing partner of security-focused private equity firm Egis Capital.

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SecurityInfoWatch Interviews Egis Capital Robert Chefitz interviewed Robert Chefitz, Managing Partner at Egis Capital, to get his thoughts on what security industry technologies and services are trending up and what characteristics his firm looks for when it comes to investing in companies in the market.

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Egis Portfolio Company ACRE to Acquire RS2 Technologies

ACRE, a global leader providing state-of-the-art security systems, announced today it has entered into a definitive agreement to acquire RS2 Technologies in Munster, Ind. This purchase will enhance ACRE’s strategic expansion plans for strengthening its access control business and product portfolio.

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Egis Capital Partners Teams with ClearObject

ClearObject designs, develops, deploys and manages connected solutions and data-driven digital products. The acquisition is consistent with Egis’ strategy to invest in technology-enabled businesses that utilize security infrastructure to drive operational efficiency. The partnership will provide the financial and strategic resources to facilitate this transformative opportunity in the data-driven economy.

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Egis Portfolio Company ACRE to Acquire Texas-based Open Options

This purchase will enhance ACRE’s strategic expansion plans for strengthening its access control business and product portfolio, particularly in North America.

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Stealth Monitoring Completes Rebrand

Today, Stealth is a market leader in the video surveillance market, with three redundant, state-of-the-art monitoring centers. As part of their ongoing effort to always provide the very best to their customers, they’ve relaunched to better reflect their prominent position as the leader in live monitoring solutions.

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Egis Portfolio Company Mission Critical Partners Announces Acquisition of Athena Advanced Networks

The acquisition deepens MCP’s information technology (IT) and managed services offering and reinforces its position as the industry leader in providing independent services for public safety infrastructure and operations.

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Egis Capital Exits Acuant

Acuant Inc., a portfolio company of Insight Venture Partners, Lightview Capital and Egis Capital Partners, was recently acquired by Audax Private Equity.

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iJET International Relaunches as WorldAware

The change comes after a year in which iJET acquired several companies. The rebrand allows the company to move forward as a singular brand focused on one mission: to help clients and partners around the world to secure the safety and well-being of their people, facilities and business.

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Acuant Named an IDC Innovator

Acuant, Socure, BioCatch, and IdentityMind Global are considered key emerging vendors in the identity proofing solutions market by International Data Corporation in their IDC Innovators report.

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Egis Capital Partners and Mission Critical Partners Announce Partnership

Egis will provide financial and strategic resources to Mission Critical Partners as the Company addresses digital transformation opportunities in the public safety sector to create safer and smarter cities.

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ACRE Announces the Sale of Mercury Security Products

Access Control Related Enterprises, LLC (ACRE), owner of Vanderbilt, a manufacturer of access control, intrusion and video solutions, and ComNet, a manufacturer of video and data transmission equipment, has announced the sale of Mercury Security Products (Mercury) to HID Global (HID), a subsidiary of ASSA ABLOY, AB.

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iJET International continues growth, expanding leadership with the appointment of Benjamin Allen as CEO

iJET® International, Inc., a leading provider of integrated risk management solutions, announced today that the Board of Directors has appointed Benjamin (Ben) Allen as Chief Executive Officer and new Board member. Bruce McIndoe, a founder of iJET, will remain as President and Board member, partnering with Ben to execute on global growth strategies in the years ahead.

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Acuant launches facial recognition solution

Data capture and identity verification software firm Acuant has announced the launch of new face recognition-enabled technology. Acuant’s new biometric product is the mobile and desktop Acuant FRMTM facial recognition and match solution.

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UCIT “Auxo” invests in Stealth Monitoring to partner with UCIT

Auxo Management LP (“Auxo”), a privately-held investment firm led by Robert Cherun and Erik Mikkelsen, announced today that it has closed on an investment in Stealth Monitoring Inc. (“Stealth”). Stealth will partner with UCIT Online Security, a Toronto-based video monitoring company that has been backed by Auxo since 2011. UCIT is also backed by Egis Capital Partners.

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EnTouch Controls Appoints Samantha Foley as Chief Marketing Officer

EnTouch, the market leader of facility asset and energy intelligence, announced today the appointment of Samantha Foley as Chief Marketing Officer.

Foley will be based in Dallas, Texas, and responsible for driving EnTouch’s brand marketing, product positioning, communications and lead generation efforts. She joins the EnTouch executive team with over 11 years of experience in business-to-business marketing for enterprise software.

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Brivo, Worldwide Leader in Cloud-Based Physical Access Control, Appoints New Chief Financial Officer

appointment of Mike Voslow as Chief Financial Officer (CFO), effective July 5, 2016. Mike joins Brivo with over 30 years of experience in both public and private finance and accounting.

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iJET International Inc. (“iJET”) Possible Offer for Red24 plc (“Red24”)

iJET notes the announcement by Red24 released today that it is in preliminary discussions with iJET regarding a possible offer for the issued and to be issued ordinary shares of Red24 (the “Possible Offer”).

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