DELIVERING INTEGRATED, INTELLIGENT NETWORKING AND SECURITY SOLUTIONS

ACRE is a global leader in the delivery of integrated, intelligent technologies and services. Founded in 2012, ACRE has played an instrumental role in the development and implementation of security technology initiatives on a global scale.

Its Vanderbilt and ComNet brands deliver advanced solutions to thousands of customers around the world. The components and systems provided by ACRE’s family of companies, sold through traditional distribution and integration channel partners, help secure the highest valued assets of its end-user clientele, including both public and private sector entities, large and small. Today, ACRE employs more than 325 employees in more than 15 countries.

Leadership Team

JOSEPH GRILLO – FOUNDER & CEO

Joseph Grillo is a 30 year veteran of the electronic security and identification industries with a track record of successfully growing, acquiring and restructuring businesses.

In 2012 Mr. Grillo founded ACRE, LLC as a platform to consolidate acquisitions in the electronic security industry. In September of 2012, ACRE successfully acquired the Software and Controllers product portfolio from Ingersoll Rand’s security business (now Allegion) and renamed it Vanderbilt Industries. In May 2013 ACRE completed the acquisition of Mercury Security, and in June 2015 purchased the former Security Products Division of Siemens AG. This was followed in 2016 by the acquisitions of ACT in Dublin, Ireland and ComNet in Danbury, Connecticut.

Mr. Grillo was known for his long term association with HID, serving as National Sales Manager in the early 1990’s, then participating in a management buyout of the business in 1995 from Hughes Aircraft/General Motors. He became VP of Sales and Marketing, then COO and eventually President of the company as HID grew from a $15M card and reader company to a dominant $100M+ industry leader by 2000. He successfully led the effort to sell HID To Assa Abloy in 2001.

From 2001 to 2007 Mr. Grillo was promoted several times at Assa Abloy, eventually running its $750M Global Technology Division which included HID, the Hospitality business and Besam Automatic Doors; he retired from the company in 2007.

Mr. Grillo graduated from the University of Connecticut with a Bachelor’s Degree in Finance. He served as President and Board Member of the Security Industry Association (SIA) from 1998-2007.

JOSEPH GRILLO – FOUNDER & CEO

RONALD VIRDEN - CHIEF OPERATING OFFICER

Ronald Virden serves as ACRE’s Chief Operating Officer, responsible for daily ACRE operations as well as the management of process improvements and the continued integration of ACRE-owned brands, including Vanderbilt and ComNet.

Virden is a seasoned global executive who has extensive experience with Fortune 50 organizations. He most recently served as President and Managing Director for Global Security Products, Americas/Global Access Solutions at UTC, encompassing UTC’s Interlogix and GE Security brands, as well as Supra, Onity and Lenel. Prior to that, Virden was President and Managing Director of GE Industrial Systems, GE Security/Supra, where he more than doubled international revenue and drove the strategic development of products to address specific market needs globally.

Ron holds an MBA from the University of Phoenix.

RONALD VIRDEN - CHIEF OPERATING OFFICER

PARKE HESS - CHIEF FINANCIAL OFFICER

Parke Hess is a Member of ACRE, LLC and serves as its Chief Financial Officer. He also serves on the ACRE, LLC board.

Mr. Hess has been involved in the electronic security industry since 1995, as CFO of the management buyout that resulted in the founding of HID Corporation.  He has been COO and CFO of several public and private corporations, involved with venture capital and IPO funding, corporate restructuring, and numerous international and domestic buy and sell transactions.

Parke graduated magna cum laude with a Bachelor of Science degree from the US Air Force Academy and has an MBA from Stanford Graduate School of Business at Stanford University.

PARKE HESS - CHIEF FINANCIAL OFFICER

OUR PARTNERS

LLR Partners

LLR Partners is a middle market private equity firm investing in companies with proven business models and strong management teams. Founded in 1999 and with more than $3.5 billion raised across five funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts.

Prudential Capital Group

Prudential Capital Group has been delivering consistent results and capital to clients for more than 75 years. They focus on building lasting relationships that endure through economic and industry cycles; a powerful, committed partner, managing a portfolio of $81.4 billion with more than 1,000 client companies around the globe.

EGIS

Egis is a partner for companies providing critical physical and technology-driven security solutions. With more than 75 years of collective operating and investing experience and industry executives as investors, Egis is a provider of equity capital to Security and Protection industry businesses.

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ACRE Is Founded

  • Established by industry veteran Joe Grillo to acquire, partner or invest with specialized players in the electronic security systems manufacturing industry
  • Leverages opportunities within the current market dynamic to help move the industry forward, with more standardized and open product offerings
2012
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Schlage Security Management Systems

  • Acquired from Ingersoll Rand and rebranded
  • Provider of end-to-end security system solutions
Read the Press Release 2012
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Mercury Security

  • Acquisition of the largest and only independent access control panel provider
2013
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Siemens Security Products

  • Acquired from Siemens and rebranded
  • European-based provider of end-to-end security system solutions
Read the Press Release 2015
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Access Control Technology ("ACT")

  • European-based provider of end-to-end security system solutions
  • Adds a cloud-based solution
Read the Press Release 2015
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ComNet Holdings

  • Designer and marketer of transmission and networking equipment
  • Primarily serves security and surveillance applications
Read the Press Release 2016
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Mercury Security

  • Sold to HID Global, a subsidiary of Assa Abloy
Read the Press Release 2017