Rumors Brivo Being Purchased ?

Anybody hear that Brivo is being acquired?

I caught this quote by Joe Grillo last month:

"While many of the small OEMs have changed very little over 10 or 20 years, there are also newer entrants that have impacted the industry, such as Open Options and Brivo. We believe that with the wide variety of smaller OEMs that still exist, there is continued opportunity for consolidation at this level of the value chain."

Grillo's ACRE has been making moves and buying access companies. (See our: Big Money Coming Into Access (ACRE) note.)

After buying Mercury Security, they've bought access system brands from Vanderbilt and Siemens most recently. They have always suggested more moves are coming if/when things come together.