ACRE and its partners believe there are opportunities within the current market dynamic that can be leveraged to help move the industry forward, with more standardized and open product offerings.

JOSEPH GRILLO – Founder & CEO

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 1993 Mr. Grillo was appointed National Sales Manager for HID Corporation. He participated in the management buyout of HID from Hughes Aircraft/General Motors in 1995. From 1995 to 2001, Mr. Grillo became Vice President of Sales and Marketing, COO and eventually President as HID grew from a $15M card and reader company to the dominant $100M industry leader. He successfully led the effort to sell the company to Assa Abloy in 2001.

At Assa Abloy, Mr. Grillo created and managed the Identification Technology Group, completing more than a dozen acquisitions, primarily in Europe. In 2005, he was promoted to Executive Vice President of the parent company Assa Abloy AB, and appointed President of its Global Technology Division, which included HID Global, Assa Abloy Hospitality and Besam Automatic Doors. In that role, he successfully managed the $700M division with 3,000 employees in 29 countries and completed many additional acquisitions. Mr. Grillo retired from Assa Abloy in 2008.

In 2012, Mr. Grillo led the formation of ACRE, LLC as a platform to consolidate acquisitions in the electronic security industry.  In September 2012, ACRE successfully acquired the Schlage SMS business from Ingersoll Rand, now known as Vanderbilt Industries. In May 2013, it completed the acquisition of Mercury Security, and in June 2015 it purchased the former Security Products Division of Siemens AG, which operates globally today as Vanderbilt International.

Joe 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.

PARKE HESS - Chief Financial 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.

PARTNERS

ACRE has assembled an investor base that supports our vision and provides us access to substantial 
capital to support our strategic growth and innovation.