ClearLight Partners announced today that it has acquired a significant ownership interest in Consumer Safety Technology, a manufacturer of the Intoxalock brand of breath alcohol monitoring devices.
“Consumer Safety Technology has developed industry-leading technology and has displayed a strong and consistent track record of impressive growth. We look forward to providing the capital to support the company’s continued expansion, enabling Consumer Safety Technology to capitalize on the increased use of interlock devices to combat drunk driving,” said Josh Mack, a Principal at ClearLight.
Founded in 1992, Consumer Safety Technology designs and develops breath alcohol monitoring devices under the Intoxalock® brand. Its technology is used in breath alcohol ignition interlock devices and home alcohol monitoring devices. The company’s core interlock products are installed into customer vehicles via a network of more than 1,000 installation centers throughout the U.S. Consumer Safety Technology is headquartered in Des Moines, IA (www.intoxalock.com).
ClearLight Partners invests from $10 million to $50 million in US or Canadian based middle market companies with revenues from $20 million to $250 million and EBITDAs from $5 million to $25 million. Sectors of interest include specialty manufacturing and distribution; services businesses; and consumer products and services. The firm has $600 million of assets under management and is based in Newport Beach, CA (www.clearlightpartners.com).
