Plasco ID, an ID solutions company, received an equity investment from BV Investment Partners.
The company’s leadership team, CEO Alan Mendelson, CFO Jacob Brafman, and CMO Chris Penn, also partecipated in the deal.
The amount of the transaction was not disclosed. In conjunction with it, Justin H. Harrison, Managing Director at BV, Mike Ricciardelli, Operating Advisory Board member, and Justin Garrison, Principal at BV, joined the Plasco Board of Directors.
Founded by George Mendelson in 1983, with offices in Miami and Minnesota, Plasco is an online lead generation and distribution business serving the ID Solutions industry, a market that includes identity and access control products such as identification card printers, software, and cameras, related consumables such as blank ID cards and printer ribbons, and technical support services.
The company sells identification products through its direct sales force, distribution partners and its websites IDWholesaler.com and IDZone.com.
Plasco has served over 100,000 customers in the United States and internationally.
FinSMEs
119/12/2014