LifeSafer Interlock Holdings, Inc., a Cincinnati, Ohio-based manufacturer and distributor of ignition interlock devices that prevent a vehicle from being operated if the vehicle’s driver has consumed alcohol, has received an investment of undisclosed amount.
Investors include Lineage Capital and Northstar Capital, which also provided debt financing to support the transaction.
Under its new investment and ownership structure, LifeSafer’s manufacturing, product development and third party distribution operations and two affiliated distribution units – National Interlock Systems, Inc. and Affordable Ignition Interlock – will be combined into one company, LifeSafer Interlock Holdings.
As part of the new structure, LifeSafer has recruited three new senior executives. Michael Balgord, President of National Interlock, and Jerry Stanton, President of Affordable Ignition Interlock, will continue to lead the team and hold substantial ownership stakes in the company.
FinSMEs
06/01/2011